Would you like to own 600 acres of waterfront land in Southport? The State of North Carolina already does, having spent $30 million to buy the land for a massive cargo facility dubbed the ‘megaport.’ Problem is, the land is still vacant and its value is about half of what the state paid. Rick Henderson of Carolina Journal explains in this update on North Carolina’s boondoggle ‘megaport’ project spearheaded by the North Carolina Ports Authority.