The Port of Newport and the Newport Airport on the potential winners list for big state economic development grants
Completing the hugely revamped $25 million International Terminal and the runway rehabilitation project at the Newport Airport appear to be winners of the latest round of state grant funding from the state lottery dedicated to statewide economic development.
The list of the top 38 projects recommended for funding to the State Transportation Board include project #15, the repair and partial rebuild of the Newport Airport’s main runway. It’s got a big dip in it just past the midway point for planes taking off. The federal government is paying 90% of the $9 million project with the city picking up 5% of the total and now it appears the state will be picking up the other 5%, or roughly $448,000. Construction on the project won’t begin for at least a year.
The Port of Newport is also in line to win their award of $483,000 to help the port finish their $25 million International Terminal project. When complete, it will serve international and national shipping, and the commercial fishing industry. The port continues to negotiate a plan with a large log shipping company based out of Warrenton/Astoria that appears quite willing to do substantial equipment investing in the terminal should it get the contract from the port.