Port Canaveral Proceeds with Record Construction Projects

Port Canaveral has a record $213 million in current projects and newly signed cruise deals to host the world’s largest ships next year. As a result, the port is creating jobs and boosting tax revenue for the area’s sagging economy, according to estimates from Braun & Trammell.

Current construction has created 1,894 construction-related jobs, generating $207 million for the regional economy. Among the projects is the $100 million-plus Seaport Canaveral tank farm, the largest single investment in port history.

Also in progress is the redevelopment of two marinas, a new restaurant, and a master storm water system to preserve land on the port’s south side. Future construction projects will generate nearly 1,000 construction-related jobs, adding $104 million to the regional economy.

Projects include harbor deepening and widening, terminal and pier improvements, road re-alignment in the north cruise terminal area and widening of George King Boulevard on the south side of the port.

The new Joint Port Intelligence and Operations Center is in its initial stages. Nearly 3,537 permanent jobs will be generated upon completion of the projects, contributing $260 million annually to the regional economy.