Wind turbines turn $2.3 million in profits for Duluth Seaway Port Authority
From an article by Peter Passi in the Duluth News Tribune:
Fiscal year 2007 will go down as the most profitable ever for the Duluth Seaway Port Authority. The authority closed its fiscal books March 31 this year, more than $2.3 million in the black, according to Chief Financial Officer John Kubow.
The port authority’s previous financial best had been fiscal year 2001, when it reported a net profit of $837,000.
So what made fiscal year 2007 so special?
Kubow’s simple explanation: “Sales of wind turbine components.”
The port authority gets a cut of all revenues generated by the Clure Marine Terminal’s operator, Lake Superior Warehousing Co. Inc. And the company handled lots of wind power equipment last shipping season, both inbound from overseas and outbound to destinations on the East Coast and Europe.
