Savannah buys land for expansion across the river
The Georgia Ports Authority Thursday announced the purchase of 175 acres of property on Hutchinson Island in Savannah.
The property, which is across the river from the GPA’s Ocean Terminal, has more than 3,700 feet of frontage on the Savannah River with rail and highway access.
“This unique property will ensure numerous future growth opportunities,” said Doug J. Marchand, GPA’s executive director, who noted the authority identified the site more than a decade ago as a possible expansion site.
The property acquisition for a net $47.5 million includes the sale of 7.2 acres of GPA’s Ocean Terminal to Colonial Terminals.
No specific use for the land has been identified yet, but Steve Green, GPA’s chairman of the board. said. “The additional acreage, along with significant capacity expansion capabilities at GPA’s Garden City Terminal, ensures Georgia’s ability to attract and retain additional cargo at current growth levels.”