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South Tidewater News

Wednesday, October 16, 2024

City of Norfolk Economic Development Authority Receives Over $39 Million in Federal Funding

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Mayor Kenneth Cooper Alexander | Mayor Kenneth Cooper Alexander official website

Mayor Kenneth Cooper Alexander | Mayor Kenneth Cooper Alexander official website

To Support Coastal Virginia Offshore Wind (CVOW) 

NORFOLK, VA. – The U.S. Department of Transporta3on’s Mari3me Administra3on announced $39,265,000 in federal funding for the City of Norfolk Economic Development Authority (Norfolk EDA) to assist in transforming the marine terminal at Fairwinds Landing into offshore wind logis3cs facility.  The funding was awarded through the Port Infrastructure Development Program (PIDP) in response to a joint applica3on submiUed by the Norfolk EDA and Fairwinds Landing, LLC.  Fairwinds Landing, formerly known as Lamberts Point Docks, is located in the Chelsea Business District on the eastern bank of the Elizabeth River.

The PIDP funding will assist in financing the renova3on of aging waterfront infrastructure at Fairwinds Landing.  The renova3on project has three major components designed to enhance port capabili3es for offshore wind opera3ons and maintenance ac3vi3es, heavy liZ  opera3ons, and cable loading opera3ons. The PIDP funding will be a catalyst for genera3ng hundreds of new jobs and hundreds of millions of dollars in future capital investments at Fairwinds Landing.

“Norfolk's steadfast commitment to sustainability is strengthened through strategic funding and partnerships,” said Norfolk Mayor Kenneth Cooper Alexander. “The $39.2 million Port Infrastructure Development Program grant propels our Lambert's Point revitalization efforts, reinforces our collaboration with Fairwinds Landing, and sparks new, eco-conscious innovative projects, ensuring a cleaner and greener future for our region and the Commonwealth." - Mayor Kenneth Cooper Alexander, Ph.D.

“The Economic Development Authority of the City of Norfolk is proud to support innova3ve projects that lead to long term sustainability and job crea3on for our community. As offshore wind energy revolu3onizes the future of power, transforma3onal projects like these will fuel our local and regional economy for decades to come.” - Jeffrey Brooke, Chairman, Economic Development Authority of the City of Norfolk

“We are extremely pleased with the great result of our teamwork with the Norfolk EDA and other stakeholders in craZ ing a compelling story for PIDP funding.  Renova3ng the aging waterfront infrastructure at Fairwinds Landing is a cri3cal step in establishing Hampton Roads as an offshore wind hub and highlights the benefits of the Federal Government’s investment in cri3cal infrastructure. We truly appreciate the strong support from the Hampton Roads congressional con3ngent (Senators Warner and Kaine, as well as Representa3ves ScoU, WiUman and Kiggans), local community organiza3ons, and our commercial partners for the Fairwinds Landing project.” - Jerry Miller, Managing Partner of Fairwinds Landing, LLC.

About Fairwinds Landing, LLC.

Fairwinds Landing, LLC is a new Virginia limited liability company established to develop and operate Lambert’s Point Docks. A Hampton Roads-based company, Fairwinds Landing will leverage the resources and experience of local affiliated companies such as The Miller Group, Balicore Construc3on, and Fairlead.

Contact:

Mike Hopkins

Fairwinds Landing

Managing Director

Email: mhopkins@fairwindslandingva.com

Original source can be found here.

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