| The Property Development & Management division
acquires strategic property for the Port Authority in order to
facilitate the growth and development of our transportation assets. It
also sells the Port Authority’s excess property.
The Port Authority owns several parcels of property throughout
Lucas County. Parcels are zoned industrial, commercial, and
agricultural and are available for sale or lease. Contact the Port
Authority’s Property Development & Management department for a list of
available properties.
Foreign Trade Zones
The Foreign Trade Zone (FTZ) is one of the most valuable tools
utilized by Port Authority tenants, manufacturers, and shippers.
An FTZ is an area physically located in the United States, but
considered outside United States Custom territory. Because of the
zone’s unique trade designation, goods can be stored, exhibited,
repackaged, manipulated, manufactured, or mixed with other
foreign/domestic merchandise within the zone — duty free. Duty is paid
only when goods are moved out of the FTZ.
To learn more about how a Foreign Trade Zone can benefit your
business, contact the Property Management & Development division. |
