The coronavirus pandemic has spoiled a chunk of the fruit import business in the United States. Because of that decline, Port Tampa Bay’s board this week took a big slice out of a refrigerated warehouse tenant’s monthly payments.
The board on Tuesday agreed to defer a $25,000 monthly loan payment for seven years and drop rent from $31,000 a month to 5% of revenues once those hit $5 million annually.
Port Logistics Tampa Bay leases 13.7 acres of land with a 140,000-square-foot refrigerated...
https://www.freightwaves.com/news/port-tampa-bay-slices-warehouse-operators-payments