Port Corpus Christi Closes on Sale of Former U.S. Naval Station Ingleside

Port Corpus Christi and Oxy Ingleside Energy Center, LLC finalized the closing on the sale of  the larger portion of former U.S. Naval Station Ingleside (NSI) on Thursday, November 8, 2012. 

The purchase price of $82.1 million included 815 acres, the 1,100-foot double deck concrete “Alpha” pier and over 2,000 feet of wharf frontage adjacent to a deep water turning basin.  In addition, this Maritime Property sale includes most of the industrial support facilities at the base, plus 435 acres of “greenfield” property next to it.

“We are pleased the sale of NSI to Oxy Ingleside Energy Center was finalized.   The Port Commission and staff look forward to a great future working together to better the Coastal Bend Region.” said Mike Carrell, Chairman, Port Commission.

U.S. Naval Station Ingleside was designated for closure under the Base Realignment and Closure Act of 2005, which resulted in the departure of the Navy by April 30, 2010. On that date, ownership of the base reverted to the Port of Corpus Christi Authority.

About Port Corpus Christi

As the primary economic engine of the Coastal Bend, Port Corpus Christi is the fifth largest port in the United States in total tonnage. The Port’s mission 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, (with a channel improvement project permitted and authorized to 52’) 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 “The Port of the Lone Star State.”

Naval Today Staff,November 14, 2012