Tag Archives: Port of Toledo

Investment in a boatyard. Port of Toledo offers strategic lessons for Astoria

Marine workers, business leaders and politicians gathered earlier this month to watch the trawler Pegasus get lowered into the Yaquina River from the former Sturgeon Bend Boat Works, a shuttered boatyard acquired from Fred Wahl Marine Construction in 2010 by the Port of Toledo. Widening and modernizing the vessel took more than 10 months, $3 million and tens of contractors. Purchasing and developing the boatyard has cost Toledo more than $10 million, largely from state grants and loans.Toledo’s vision to turn the boatyard into a thriving economic generator offers lessons to the Port of Astoria. >click to read<  22:55