Port Authority Opportunities @ Toledo
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Transcript of Port Authority Opportunities @ Toledo
Toledo, Ohio Property Details
Presentation Overview
Toledo-Lucas County Port Authority Profile Government Support for Available Property Foreign Trade Zone 8 Location Highlights of Northwest Ohio Market Characteristics Developable Property Toledo Express & Metcalf Field Ironville Docks Jeep Parkway
Toledo-Lucas County Port Authority Overview Public body that operates as a business but is
subject to public disclosure and transparency Governed by a 13-member board of directors 50 employees Operates Toledo Express Airport, Toledo
Executive Airport and the Port of Toledo (seaport) Financing Portfolio includes:
Fixed Interest Rate Bonds Stand-Alone Bonds Small Business Association (SBA) 504 Loans Ohio 166 Loans
About Available Properties
All are Government Owned Properties Government will be flexible on terms
depending on the economic impact – Job Creation and Capital Investment
All are available immediately or within the next 18 months
All property reside in Foreign-Trade Zones
Foreign-Trade Zone 8 The FTZ provides the ability to defer, reduce or even eliminate U.S.
Customs duties on products admitted to the zone. Prospective buyers may be given the opportunity to see samples of goods
stored in the FTZ. If the goods being imported are subject to a quota, the goods may be stored in the FTZ pending the issuance of additional quota allocations.
Imports may be admitted and held in a foreign-trade zone without paying U.S. Customs duties.
Duties are never paid on merchandise exported from a zone. Duties are reduced or eliminated on materials that are defective, damaged, or obsolete.
Spare parts may be stored, returned, or destroyed without duty payment. Delays in Customs clearances and duty drawback are eliminated. U.S. Quota restrictions are different for merchandise admitted to
FTZs. Although quotas will apply when the merchandise is entered into U.S. commerce, quota merchandise may be stored in a FTZ so that when the quota opens, the merchandise may be immediately shipped to the U.S. customers.
Merchandise may be stored in a FTZ for an indefinite period of time. The storage time limits imposed on bonded warehouses are not applicable to FTZs.
Northwest Ohio Half the population of the U.S. is accessible within one-day drive
Multi-Modal Connectivity Rail – Norfolk Southern
(NS), CSX, and Canadian National (CN) Connected
Located at major U.S. thoroughfare crossroads Interstate 75 Interstate 80/90 Interstate 280 -- Heavy
weight truck routes to Michigan (154,000 gross)
Lake trading vessels, overseas vessel, lake barges
Pipeline
Circle Represents a 500 mile radius
Chicago New York
City
Wash D.C.
Cleveland
Toledo Provides Exceptional Access to the Eastern and Midwestern U.S. and Canada
Trucks departing Toledo can reach Ohio, Indiana, Michigan, parts of Pennsylvania, Kentucky and Chicago within five hours.
Our location at the crossroads of I-75 and I80/90 makes Toledo accessible from all directions.
Toledo’s Market Characteristics Located in the heart of the Great Lakes Region, Northwest Ohio
has built a strong manufacturing, industrial and agricultural base.
Access to the Great Lakes, combined with the region’s international air cargo hub, and one of the leading rail centers in the country makes Northwest Ohio a global platform for doing business anywhere in the world.
In 2009, 37 Fortune 500 Firms were located in Northwest Ohio, with Dana Corporation, Owens Corning and Owens-Illinois headquartered in Toledo. The Andersons, Libby Owens Ford, HCR Manor Care and Pilkington are some of the other major publicly held corporations headquartered in Toledo.
Available Property Toledo Express Ironville Docks – Port of Toledo Jeep Parkway - Former Manufacturing Site of
Chrysler JEEP
Toledo Express
Developable Property
Toledo Express Airport $640 Million Annual Economic
Impact Can accommodate the largest
airplanes in the world 10,600 foot runway – One of the
largest runways in the world BAX Global - International cargo
hub – One of three such hubs in U.S.
Military base - 180th Air National Guard
Delta, American Airlines, Allegiant Air and Direct Air operations
Corporate Aviation Hangers and Aircraft Maintenance Available
Cold storage available for perishable cargoes, pharmaceuticals and general use
Jet Fuel Service Center – Two 250,000 gallon tanks
350 total acres available for development 160 acres near BAX Global
$1 million investment being matched by $6 million in government funding
Toledo is the North American hub for the dedicated freighter network (domestic & international) of Schenker/BAX Global (DB Schenker). BAX Global runs a hub –and – spoke network from Toledo supported by 20 strong fleet of freighter aircraft and a regional trucking network.
Unlike the major integrators (FedEx & UPS) who generate revenue from small package express, Schenker specializes in heavy freight for industrial shippers.
The Toledo sorting facility is 279,000 square feet, including a 50 acre ramp, 2.6 miles of conveyor sorting, 900+ employees, and annual volume of 350-500 million pounds.
BAX Global - One of Three Remaining U.S. Air Cargo Hubs
Toledo Express Airport Current Development – BAX Global
International Build Up/Breakdown Area
Toledo Express Airport Available Property 350 acres of developable property Recent investment of $1.8 million in: Roadway, Water, Sewer, Electric, Natural Gas, Telephone
80,000 square feet spec building now at capacity Warehousing & manufacturing space available No limitations on development – available for multi
uses
Toledo Express Airport Available Property
Developable Property
Room to Grow at Toledo Express
South Development Area contains 75 acres in initial offering capable of supporting nearly one million square feet of development
Site is adjacent to 78 acre (non exclusive) air cargo ramp Infrastructure improvements are ongoing
Toledo Express Opportunities Utilize TOL as a low-cost distribution point for the
Midwest for freighter aircraft carrying international air freight from Asia
Develop facilities for major international forwarders near TOL
Opportunity for overseas carriers to link into BAX’s trucking network
Opportunity for additional neutral operators at TOL utilizing their own networks or BAX network while protecting the identity of their customers
Opportunity to construct additional transportation and logistics infrastructure on south side of airport to support air cargo operations.
Toledo Express Airport
Metcalf Field $12 Million annual
economic impact Developable
Property Available
Port of Toledo
Developable Property
Port of Toledo Connected via the
Great Lakes St. Lawrence Seaway System
Largest land mass seaport on the Great Lakes
Port of Toledo stretches seven contiguous miles
Houses 15 terminal operators and one shipyard
825 Acres Available
The Great Lakes St. Lawrence Seaway System
All of the 15 locks have the same dimensions allowing ships up to:
740 feet in length 78 feet wide 26’6” draft
Winter Contingency Every year the Seaway
attempts to expand the season Late December to mid-March is
a slow period for contain shipping
Seaway System must work with rail and ocean lines to be viewed as part of the solution, not competition
Toledo
Port of Toledo Cargo Mix
4% Petroleum
1% General Cargo
43% Iron Ore
16% Dry Bulk
29% Coal
7% Grain
Over $35 Million in Government
Investment
Putting the right equipment in place
Port of Toledo Available Property
Developable Property
Port of Toledo Available Property
181 acres Norfolk Southern services Short-line rail will connect all seaport
properties including access to two heavy (Class I) railroads
2200 feet of dock frontage at Ironville Docks $13 million public/private investment in site
development at Ironville Docks
Ironville Docks Site Plan
Seaport Terminal Operators
ARC Terminals ADM Grain Company Arms Trucking BP-Husky Refining LLC CSX Hansen Mueller IRONHEAD Marine Inc. Kraft Foods
Kuhlman Corporation LaFarge Cement Shelly Liquid Division Midwest Terminals Seneca Petroleum Company St. Marys Cement Inc. Sunoco MidAmerica M&R The Andersons Inc.
Port of Toledo Current Developments
George Hardy Drive
Ironville Rail Loop
Rail Loop
Bulk Loader
Cranes
St. Lawrence Drive
Facility 1
Ironville
Heidtman Steel
Beazer
Ship Yard
Dock Improvements
Grain Handling System
Lay Down Area
Port of Toledo - Facility One Current Developments
$7.5 Million Government Investment Reconstruction of
George Hardy Drive
Repair and Enhancement of the On-Dock Rail Line
George Hardy Drive
On-Dock Rail Improvements
Port of Toledo – Facility One Current Developments
$4.2 Million – Government Investment Rebuilding Roadway
Network to increase freight/weight handling capability
St. Lawrence Drive Relocated
Port of Toledo – Toledo Shipyard Current Development $400,000 Government
Funding Investment used to
increase rail capacity
Rail Spur
Cargo, Competitive, Scheduled Service Opportunity to expand Toledo Seaport Marketing to
manufacturers, forwarders and container lines directly when liner service is established
Opportunity to export agricultural products (specialty grains, ddg’s) and other raw materials (scrap steel, lumber, exc.) into containers
Opportunities to reposition empty containers to coasts using them as dry cargo vans
Opportunities to act as mini rail ramp / distribution center. Opportunities to work with other ports as strategic partners
within the Great Lakes St. Lawrence Seaway System Terminals must be efficient to keep cost low and make profit,
feeders must keep schedule for system to work properly
Port of Toledo
Port of Toledo Vessels & Cargo
Traditional Cargo: Bulk
Jeep Parkway
Developable Property
Jeep Parkway Previous Home of Jeep Manufacturing
Developable Property
Historical Use: Jeep Manufacturing site for 150 years
Direct access to main north/south thoroughfare in U.S.
More than 100 Acres Skilled workforce living
directly adjacent to site Oldest automobile
manufacturing site in U.S.
Direct access to Heavy Rail (Class I)
Government sponsored incentives available
Thank You