Massport and members of the Massachusetts Congressional delegation say taxpayers will see a return on their $310 million investment in a Boston Harbor dredging project in the form of economic development, but one watchdog said the quasipublic agency should look to the private sector to come up with the additional $200 million it now says it needs to handle the expected increase in container shipment traffic.
"What's relevant is whether we want taxpayers to be on the hook for more money, particularly with all the uncertainties." said David Tuerck of the Beacon Hill Institute, a Suffolk University think tank.
Matt Brelis, a Massport spokesman, said the state's so-called Pacheco law could make privatization difficult. U.S. Rep. Stephen F. Lynch and state Rep. Nick Collins have called for Massport to back off privatization, while U.S. Sen. Edward Markey said he would be open to private, state or federal funding, or some combination of the three. Massport also is considering opening up a real estate zone for private developers to build on Massport property near the Conley Terminal, Brelis said.
At a lavish party yesterday to thank lawmakers for the $310 million they secured to dredge the harbor to attract mammoth vessels, Markey said when the Army Corps of Engineers completes the project in 2017, Boston will see a "dramatic" increase in cargo moving through the port. Massport CEO Thomas P. Glynn said the agency already has secured contracts with Mediterranean Shipping Company, Evergreen and Costco, as well as smaller companies, for their ships to use the harbor.
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