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first_img View post tag: News by topic Industry news View post tag: port View post tag: sign View post tag: agreement View post tag: Commissioners May 3, 2011 At a special Commission Meeting, Monday, May 2, Port Corpus Christi Commissioners signed an agreement for the sale of its Ingleside Facility (former U.S. Naval Station Ingleside) to Canyon Supply & Logistics, LLC.The agreement signed by both parties was for the sale of 798 acres at former U.S. Naval Station Ingleside (NSI) with a purchase price of $75,831,604.00. As part of the sales agreement, Canyon Supply & Logistics, LLC has 10 business days to deposit $1M of earnest money. Canyon will have until September 15, 2011 to complete all their feasibility studies, surveys, due diligences, to present a down payment of $24 million, and sign a 10 year promissory note for the balance. “Port Commissioners and staff continue to work with Canyon Supply and Logistics, LLC to finalize the sale of former U.S. Naval Station Ingleside. We are confident they fit the model of the master development plan for the facility,” said Mike Carrell, Chairman, Port Commission.Canyon Supply and Logistics, LLC is a special service purpose company that supports the oil and gas production companies in the Western Gulf of Mexico. Canyon will develop the industrial part of the facility for off-shore logistics for the oil and gas industry and anticipates providing 2500 jobs within five years. As part of the sales agreement Canyon Supply & Logistics, LLC, will have an option to purchase an additional 105 acres in the center of the base property which currently contains– Immediate Release –Monday, May 2, 2011living quarters, galley, and college facilities which could function in support of the activity Canyon Supply & Logistics, LLC expects to perform at the wharf area.U.S. Naval Station Ingleside was designated for closure under the Base Realignment and Closure Act of 2005 resulting in the departure of the Navy on April 30, 2010. On that date, ownership of the base reverted to the Port of Corpus Christi Authority. The U.S. Naval Station Ingleside encompasses 483 acres with more than 70 state-of-the-art buildings, including: warehouse facilities, office and administrative offices, barracks, fitness and recreation facilities, a capital-class pier and wharf area, and much more. The Port has also included 435 acres of green field property bordering the base to be incorporated in the development project.About Port Corpus ChristiThe primary economic engine of the Coastal Bend, Port Corpus Christi is one of the 10 largest ports in the United States in total tonnage. The Port’s mission statement is to “serve as a regional economic development catalyst while protecting and enhancing its existing industrial base and simultaneously working to diversify its international maritime cargo business.” Strategically located on the western Gulf of Mexico, with a straight, 45’ deep channel, the Port provides quick access to the Gulf and the entire United States inland waterway system. The Port delivers outstanding access to overland transportation with on-site and direct connections to three Class-1 railroads and uncongested interstate and state highways. The Port is protected by a state-of-the-art security department and an award-winning Environmental Management System. With outstanding management and operations staff, Port Corpus Christi is clearly “More Than You Can Sea.”[mappress]Source: portofcc, May 3, 2011; View post tag: Corpus View post tag: facilitycenter_img View post tag: Navy USA: Port Corpus Christi Commissioners Sign Agreement for Sale of its Ingleside Facility View post tag: Ingleside View post tag: Naval Back to overview,Home naval-today USA: Port Corpus Christi Commissioners Sign Agreement for Sale of its Ingleside Facility View post tag: Christi View post tag: Sale Share this articlelast_img read more

first_img Submit StumbleUpon Share Share Related Articles Ascot adds three-year extension to Sky Sports Racing deal August 14, 2020 BGC: Charities win big as bookies take beating in Britannia Stakes June 19, 2020 Richard FitzGerald steps down as RMG CEO August 6, 2020 British racing will remain on ITV until 2023 after the broadcaster signed a new agreement with Racecourse Media Group, Ascot Racecourse and Arena Racing Company.The new deal will bring 94 days of racing to its viewers across ITV’s main channel, ITV4 and the ITV Hub. Additionally, ITV Racing’s magazine preview programme, the Opening Show, will continue each Saturday and on every day at the Cheltenham Festival, the Grand National and Royal Ascot.Niall Sloane, ITV Director of Sport, stated: “ITV is delighted to announce the continuation of free to air coverage of a sport that is loved and followed by so many.  To do so following a successful resumption of the sport with wide audiences returning to our coverage after such a long lay-off is particularly welcome and we look forward to bringing the very best this wonderful sport has to offer to viewers over the next few years.”Richard FitzGerald, Chief Executive of Racecourse Media Group (RMG), added: “ITV has been a terrific partner for British horseracing over the last three years and ITV has earned the right to renew the contract for a further three years. Its award-winning productions are reflected with increased audiences, in contrast to wider TV audience trends, and they have succeeded in attracting a new, younger audience, without alienating in any way the existing fanbase. “We look forward to working closely with the broadcaster in ensuring racing remains in this fantastic shop window provided by ITV and all its platforms. I’d also like to thank all the sport’s participants, particularly the jockeys, for the positive roles they have played in engaging with the ITV coverage.”The revised agreement is reportedly valued between £8m – £9m, an increase on ITV’s current fee of £7.5m. In 2020, ratings for ITV’s coverage are 22% higher than in 2019 and 45% higher than in 2016 when the rights were held by Channel 4. Viewing for ITV4’s coverage is also 2% higher than for the equivalent events shown on C4 in 2016.  The agreement was expected to be completed as early as New Year’s Day in 2019. But over the past year and a half, there have been multiple hurdles getting in the way of an extension. This includes Ascot’s decision to partner with Sky at the beginning of 2019, ITV’s disagreement over a reduction in broadcast fees due to the Grand National’s cancellation, and a streaming rights dispute with Arc.Juliet Slot, Chief Commercial Officer, Ascot Racecourse, commented: “The extension of our highly successful terrestrial partnership with ITV is great news for Ascot. It is a pleasure to be a part of this award-winning partnership with ITV which has seen continued growth of audiences across all our race meetings. We look forward to the next three years’ working together to bring Ascot’s racing to existing and new audiences across the ITV portfolio of platforms.” David Leyden Dunbar, ARC Director of Partnerships, concluded: “The whole team at ITV Racing have done a tremendous job of showcasing our sport on terrestrial television since 2017.“Bringing our biggest meetings and stars to the widest possible audience is of huge importance to the whole industry and we believe that the ITV team are perfectly placed to deliver for the benefit of everyone across racing.”last_img read more