A major port operator is no longer competing to run the state's New Bedford marine terminal — a $113 million taxpayer-funded boondoggle — after the Cape Wind project folded.
"They had a good plan with the wind energy and that's really what we were banking on," said Frank Vannelli, senior vice president for commercial and business development at Logistec Corp. "But when the deal fell through, we just stepped back and we said, 'Let's take a look here at how we're spending our resources' and we decided to put it in a holding pattern."
Without Cape Wind as the main terminal tenant, a bid no longer made sense for Logistec, Vannelli said.
Executives with Cape Wind, who are planning to plant 130 turbines in Nantucket Sound, backed out of a two-year, $4.5 million deal to rent the 28-acre terminal after National Grid and Eversource terminated contracts to buy power from the wind project.
State officials have said a new lease is expected to fetch a lower price for the terminal, which is overbudget and months behind schedule.
Vannelli said the South Coast Marine Commerce Terminal could be conducive to smaller vessels with refrigerated goods, such as frozen fish and fresh fruit, because the area isn't optimal for larger container ships.
"Our organization is still very interested in what's going on in the port of New Bedford and I do think it has a role to play," he said. "I don't think that it's realistic to think that any of these smaller-sized ports would attract large container cargoes. The containers will go to the larger ports. They will go to New York. They will go to Boston."
The quasi-public Massachusetts Clean Energy Center plans to name a port operator by summer, but has yet to make public the three finalists.
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