Corpus Christi sells former Navy property
The Port Corpus Christi in Texas Thursday agreed to sell its Ingleside facility, the former U.S. Naval Station Ingleside, to Canyon Supply & Logistics.
A separate small craft pier and some related property will be sold to Flint Hill Resources.
Canyon Supply supports oil and gas production companies in the western Gulf of Mexico. It intends to develop the industrial part of the facility for offshore logistics for the oil and gas industry. The company will also work with Texas A&M to lease part of the base as an alternative energy center and for related education activities.
Port Corpus Christi and Canyon Supply will finalize a letter of intent for final approval at the March 8 port commission meeting.
Flint Hill will use its property purchase to develop its shale handling business in the port.
Naval Station Ingleside was designated for closure under the 2005 Base Realignment and Closure Act resulting in the departure of the Navy in April 2010. At that time, ownership of the base reverted to the Port of Corpus Christi Authority. The naval station includes 483 acres with more than 70 buildings. The port has also included 433 acres of green field property bordering the base to be incorporated in the development project.