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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- The Dan Jones-IHL saga: Is this the story that started it all?
- Dan Jones rejects IHL offer, won't publicly apologize
- Email from Nash to Delta Council’s Morgan included in DHA court file
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- Suit against Kemper employee Brett Wingo is dismissed
- Ole Miss chancellor: Talks continue over job status
- DAVID DALLAS — From Dan and Dixie with love
- Delta Health Alliance CEO Karen Fox under investigation for possible misuse of funds
- Law to bolster utilities’ economic development efforts gets mixed reactions