Statement on Port of Richmond
Mayor Dwight Jones and Port of Virginia CEO John Reinhart today announced that the Port of Virginia has requested to renew its lease on the Port of Richmond for a second five year term. In addition, the Port of Virginia intends to bid on a long-term lease proposal that will allow it to make greater capital investment in the Port of Richmond terminal. The Mayor will introduce the related papers on Monday, July 27 for consideration by City Council on September 8. The announcement comes one day after Governor McAuliffe announced the Port of Virginia is forecasted to post its first yearly operating profit since 2008 and has set a new record for cargo volume. “The City’s partnership with the Port of Virginia has turned the Port of Richmond around, and it holds promise for unlocking the value of one of the greatest economic drivers for the Richmond region,” said Mayor Dwight C. Jones. “We are excited by the possibility of a long-term partnership with The Port of Virginia, and the...