Home » NEWS » Economic Development » Gulfport buys Ingalls facility for $32 million

Gulfport buys Ingalls facility for $32 million

GULFPORT— The Board of Commissioners for the Mississippi State Port Authority has approved the purchase for $32 million a Huntington Ingalls Gulfport facility located about five miles inland. The acquisition is part of a long-range plan to develop an inland port as an extension of the Port of Gulfport, the authority said Friday in a news release.

The 116-acre location will increase capacity for the port, including adding rail access, and barge connections. The purchase includes manufacturing equipment.

A tenant is already signed up for the property that Huntington Ingalls closed as a shipyard in 2013, according to the Biloxi Sun-Herald.

Topship LLC, an affiliate of Louisiana-based Edison Chouest Offshore, has signed a 40-year lease on the acreage, the Sun-Herald reports.

Jobs at Topship will count toward a federal requirement that the port create 1,300 jobs in exchange for  $580 million in post-Hurricane Katrina funding for restoration  and expansion on the Mississippi Sound.

“Today is another significant step in progress as we continue to position the Port of Gulfport to successfully recruit companies to Mississippi to create high-quality jobs in the Gulf Coast Region,” said Jonathan Daniels, authority executive director.

 

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 Jack Weatherly

One comment

Leave a Reply

Your email address will not be published.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

*