Home » NEWS » Energy » Supervisors move to buy warehouse for Genesis Energy project

Supervisors move to buy warehouse for Genesis Energy project

NATCHEZ — A chance to help a local industry speed up a $30-million investment has prompted the Adams County Board of Supervisors to simplify what had become a complex process to purchase large warehouse near the Natchez-Adams County Port.

The county had originally planned to help purchase the building through a complicated agreement that would have a third-party holding the property’s deed. Instead supervisors decided yesterday to purchase the property outright.

Natchez Inc. executive director Chandler Russ tells The Natchez Democrat the change in financial arrangements was prompted by an immediate need by Genesis Energy to complete a $30 million expansion of its operations at the port.

Genesis plans to double the size of its railcar capacity at its terminal in the port and add approximately 20 new jobs.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*