Home » NEWS » Port warehouse expected to bring in $1M next year

Port warehouse expected to bring in $1M next year

NATCHEZ — A warehouse that Adams County purchased is projected to generate almost $1 million next year in revenue.

Natchez-Adams Port director Anthony Hauer tells the Natchez Democrat that the warehouse could net approximately $400,000 for the port.

The port director says the numbers for the warehouse projection are based on an average monthly income for the facility, which the port commission has operated since February 2012.

Valley National Bank owned the warehouse after foreclosing on a previous owner until the county bought it in July.

The county bought the warehouse property for approximately $2.5 million, and the port authority has an approximately $340,000 annual lease agreement with the county for its use.

The county government uses the lease funds to pay off the debt that financed the warehouse purchase.

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Your email address will not be published.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 *

*