Port of Miami Tunnel Not Being Built, Today's Stocks.

[NWLB]

As 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

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