NIT Feasibility Study

The Port of Newport, Oregon is requesting proposals for a feasibility study of the Newport International Terminal property at 1510 SE Bay Boulevard to determine optimal economic, functional, and sustainable uses aligned with market demand, regulatory requirements, and long-term strategic goals, with proposals due September 4, 2026.

The scope encompasses comprehensive site and asset assessment, market and industry analysis for maritime trade trends, regulatory and policy review, financial and economic evaluation with return-on-investment scenarios, and risk and constraint analysis. The study applies the four highest and best use criteria—legally permissible, physically possible, financially feasible, and maximally productive—to rank and recommend advantageous uses. Target industries include shipping lines, logistics operators, manufacturing firms, cruise operators, commercial fishing and processing operations, and renewable energy developers.

Deliverables include a comprehensive feasibility report with supporting data and financial models, comparative analysis of alternative uses, financial models for the top three opportunities, a marketing strategy plan with implementation roadmap addressing domestic and international investor segments through digital marketing campaigns, trade shows and maritime expos, and strategic partnerships with trade associations and economic development agencies, and an executive summary for stakeholders. The marketing strategy component will position the property by defining its unique value proposition, such as deep-water access and ocean accessibility, develop lead generation through investor prospectus preparation and data room setup, and identify incentive packages including tax breaks, lease flexibility, and infrastructure support.

The estimated project timeline is 8 to 12 weeks from initiation, subject to data availability and stakeholder engagement. No contract value, set-asides, preferences, or incumbent information is identified in the solicitation materials.