Pensacola port dilemma

The Pensacola (Fla.) City Council will vote July 19 on whether to allow the mayor’s office to enter negotiations to lease a pair of Port of Pensacola warehouses to Incoa Performance Minerals LLC for use as material storage facilities. The Utah-based mineral processing and distribution company has expressed an interest in leasing two warehouses at the port, but, the inquiry comes at a time when Pensacola is reassessing whether to even remain in the port business. The port has been operating at a loss, but a prospective new tenant would put the port back into the black, according to local officials. (Source: Pensacola News Journal 07/14/18)