Port of Toledo offers strategic lessons for Astoria

TOLEDO — Marine workers, business leaders and politicians gathered earlier this month to watch the trawler Pegasus get lowered into the Yaquina River from the former Sturgeon Bend Boat Works, a shuttered boatyard acquired from Fred Wahl Marine Construction in 2010 by the Port of Toledo.

Widening and modernizing the vessel took more than 10 months, $3 million and tens of contractors. Purchasing and developing the boatyard has cost Toledo more than $10 million, largely from state grants and loans.

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