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Port of Beaumont Board of Commissioners
by Garrett Bryce
Monday, February 11, 2019

The Port of Beaumont Board of Commissioners, in a special meeting today, voted unanimously to adopt a resolution authorizing the final terms and issuance of Port of Beaumont Navigation District Dock and Wharf Facility Revenue Bonds for the Allegiant Industrial Island Park Project.

The port had approved a lease and development agreement with Allegiant in June 2018 for 76 acres of property and a facility previously operated by Chicago Bridge and Iron. The property had suffered damages during Hurricane Harvey. Allegiant plans to utilize the property for a fabrication facility, paint facility and other uses.

The bonds total $20 million, and is to be paid by the tenant.

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

 




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