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Business & Industry
Port of Beaumont Board of Commissioners
by Garrett Bryce
Tuesday, June 12, 2018

The Port of Beaumont Board of Commissioners on Monday voted unanimously to approve the terms of a lease and development agreement with Allegiant Industrial, LLC for approximately 76 acres of property.

The board voted unanimously to approve the purchase the property previously operated by Chicago Bridge and Iron, in an amount of $8.25 million.

Under the lease agreement, Allegiant will lease the property from the port for a 20 year term, with options to extend the lease to 50 years. The lease calls for the facility on the property to be used as a fabrication facility, paint facility, as well as other uses.

“The port and Allegiant expects to invest approximately $25-to-$30 million into the site over the next year or two to bring it up to full operation,” Port Director and CEO Chris Fisher said, noting that the facility suffered damages during Hurricane Harvey. Listen (3:53)

The new facility will be called The Port of Beaumont Allegiant Industrial Highland Park Terminal.

“The port also sees a partnership with Allegiant Industrial as a very good opportunity to bring back a few hundred jobs to this site by re-establishing operations at the facility,” Fisher said.

No other action items were on the agenda. All members were present. Agenda

Remembering Jim Guidry Bay Area Houston Economic Partnership

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