State port trying to land its biggest tenant

June 14, 2016 in Business

portgateGULFPORT, Miss. (AP) – The state port is trying to land its biggest tenant.

The Sun Herald reports (http://bit.ly/1Us4dtu) the company that would use a patented system to condition and liquefy gas on the West Pier for shipment to the Caribbean and Puerto Rico.

Executive Director Jonathan Daniels says SeaOne Gulfport LLC’s first production facility and export terminal is estimated to cost $450 million, with expansion plans that would in 10 years quadruple the tonnage going through the port.

On Monday, Harrison County supervisors and the Gulfport City Council unanimously approved an agreement that writes off 50 percent of SeaOne’s personal property taxes for 10 years.

The company would pay the other 50 percent, which would amount to about $4.5 million a year in city, county and school taxes.