Why Privatize the Port Now?
The Kinder Morgan proposal to privatize the Port of Wilmington ought to be much in the news this week -- their Bond Bill Hearing is set for 10AM this Wednesday (in Dover) and the Wilmington City Council will conduct a hearing into this action on Thursday 28 February at 5pm in City Council Chambers. I know that the Wilmington hearing will be live streamed online, and I don't know what access we'll have for the Dover hearing other than in person. One of the things I want to point out today, and I'm hoping that decision-makers keep in mind, is that while DEDO was publicly touting an investment partnership to build out the Port, their RFP (released approx 2 months prior to this article) included a privatization option that customers and businesses at the Port did not know until months later. And still, this privatization deal is quite different than from the talking points DEDO was using to promote this deal as an expansion opportunity.