Expected approval of the Port of Miami dredging project is being hailed as a win for the state of Florida, particularly the areas in and around Miami.
It will allow the Army Corps of Engineers to dredge the port to a depth of 50 feet, making it a viable option to handle the new Post-Panamax ships that will come through the Panama Canal when the expansion project is completed in 2014.
But one month ago, nobody could say where the additional $77 million to make it happen would come from.