The Chamber estimates that about $100 million of port development around Muskegon Lake is currently underway.
That includes improvements recently made to Heritage Landing to accommodate cruise ships, and the impending demolition of the B.C. Cobb power plant and its conversion into a cross-Lake Michigan port terminal.
About $350,000 in grants was invested in the dock at Heritage Landing to make it ready for the 2016 cruise ship season, which included nine moorings – economic impact has been estimated between $35,000-$50,000. Two cruise ships are expected to make a total 11 stops in Muskegon during 2017.
Consumers Energy is in the process of divesting the 115-acre B.C. Cobb site to Forsite Development of North Carolina at a cost of $1 million. The utility has already spent about $22 million to decommission the plant that operated for 67 years – it was shut down during April 2016.
Forsite’s plans include converting the 115-acre B.C. Cobb site into a deep-water marine terminal operated by Verplank Dock Co.
The state of Michigan has final say in the sale. A decision should be reached by fall. The power plant is expected to be demolished within two years of the sale being finalized.