Quonset Development Corp. Board OKs Cape Wind Lease Agreement

NAW Staff, Wednesday 16 July 2014 - 14:07:00

The Quonset Development Corp.'s (QDC) board of directors approved an agreement with Cape Wind Associates LLC at its July 15 meeting. The agreement provides the company with a 12-month option to lease nearly 14 acres at the Quonset, R.I.-based business park for one year, with the ability to extend for two additional one-year terms.

Under the terms of the agreement, the QDC will make 11.6 acres of land available within Parcel 17 of the business park and 2.2 acres of Terminal 4 at the Port of Davisville to Cape Wind. Both areas would be used for staging and assembly for offshore wind construction.

"As Cape Wind continues to ramp up for the construction of their wind farm off the coast of Cape Cod, we are positioned to support their project," says Steven J. King, managing director of the QDC. "A project of this magnitude will require the key assets of both Rhode Island and Massachusetts to be available. The federal and state investments made to modernize Quonset's infrastructure can be a vital asset to Cape Wind, and we are ready to help them achieve their goals and create more jobs for the entire region in the years ahead."

Quonset Business Park is now home to more than 175 companies, employing approximately 9,500 people in full-time and part-time jobs across several industries. The Port of Davisville at Quonset is also one of the top 10 auto-importers in North America, notes the QDC.


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