Port of Miami Tunnel Not Being Built, Today’s Stocks.
Tuesday, December 16th, 2008As some of you may have read in the last year or so, the Port of Miami was looking to build a massive tunnel to channel truck traffic from the cargo port away from downtown. The plan was not popular with the cruise industry, which feared construction hassle an delays for passengers. Experts debated if a tunnel was the best idea for dealing with traffic. Other experts debated if the idea would even work. And yet others argued it was simply a boondoggle for the tax payers. Whoever was right, it is moot now, as the state of Florida is withdrawing its efforts to see the project through. The likely end of hte project officially makes this website ironic: www.PortofMiamiTunnel.com
Looking at the project, it is easy to see why the industry would have reason to worry about it. The logic of putting a massive tunnel directly under Government Cut, the channel leading to the cruise port terminals and the turning basin, is questionable. In an era of high security and paranoia, a single threat, real or otherwise, could shut not only the tunnel, but the port itself down, in ways very different from what is possible now. Try to imagine the chaos that would have resulted if some crank caller shut the port and Government Cut at 5 p.m. on departure day?
Today’s Stock Price:
| RCL (Common Stock) | |
| Last Trade: | $10.72 |
| Change: | +0.90 |
| % Change: | +9.16% |
| Volume: | 3,022,286 |
| Day’s High: | 10.77 |
| Day’s Low: | 9.89 |
| Previous Close: | 9.82 |
| Exchange: | NYS |
Looking for Royal Caribbean Message Boards, Chat rooms, or Blogs? Visit www.RoyalCaribbeanFan.com