Megaport project dead in the water, for now

But the fight may be just being postponed:

N.C. State Ports Authority officials said Wednesday they were putting the proposed megaport near Southport on hold, but the development of an international port in the state – perhaps in Brunswick County – remains a possibility.

During the five years since the project’s inception, the authority has spent roughly $10.2 million on it, including planning, engineering technical reports, debt service on the property, and legal and financial fees, ports officials have said.

An old adage about a cart and a horse comes to mind...

Comments

Holy mackerel

They flushed $10 million and have nothing to show for it except debt service? Hmmmmm. I wonder whose business interests are being served by this.

Good question

Methinks it deserves some further scrutiny...