The City of Pensacola is asking Triumph Gulf Coast for $86 million to help build a major shipbuilding complex at the Port of Pensacola — a proposal that would represent one of the largest industrial investments ever brought forward for the downtown waterfront.
In a pre-application submitted to Triumph Gulf Coast, the city outlines a plan dubbed Project Maeve. The filing describes a “Tier 2 advanced ship manufacturing facility” that would occupy newly built structures on the municipal port and support about 2,000 jobs over the next five years.
“The City of Pensacola respectfully requests $86,000,000 to assist with construction costs for two boat building facilities at the Port of Pensacola,” the document states…