[CPEO-MEF] REUSE: Ingleside Naval Station property sales

[Lenny Siegel <lsiegel@cpeo.org>]

Port sells small-craft pier on former Naval Station Ingleside  
property to Flint Hills Resources

Commissioners also vote to negotiate a sale for the rest of the  
property to Canyon Supply and Logistics

By Sara Foley
Corpus Christi Caller-Times (TX)
February 17, 2011

CORPUS CHRISTI - Port commissioners agreed to a last-minute  
compromise for redevelopment of the former Naval Station Ingleside  
that will split up the property.

The port will sell a 600-foot, small-craft pier that's been a subject  
of debate and conflict in the past month to Flint Hills Resources and  
start exclusive negotiations to sell the remaining base property to  
Houston-based Canyon Supply and Logistics.

That plan could keep part of the former base in the port's hands  
because Canyon can decide later whether it wants the college  
campuslike section of property.

The compromise offer came to port officials Tuesday and offered  
$102.5 million for the property, not including the pier. The company  
initially offered $140 million for the entire property plus port- 
controlled land on Harbor Island and recently offered $110 million  
for just the base.

...

For the entire article, see
http://www.caller.com/news/2011/feb/17/port-sells-small-craft-pier- 
flint-hills/

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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