Port warehouse expected to bring in $1M next year
Published: October 1,2013
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.
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