South Padre Island Real Estate Telegraph, May 1, 2018
Click the play button for a quick info on SPI Economic Development Corp. and Big River Steel LLC on Port of Brownsville.
Thanks to all who dropped by at our table at the SPI Chamber of Commerce Members Showcase event last April 17th! We had so much fun!
Deal Advances $1.6 Billion Port Steel Mill
On Tuesday, the Brownsville Navigation District Board of Commissioners signed an option agreement for Big River Steel LLC to build a $1.6 billion plant at the Port of Brownsville. The agreement covers up to 800 acres of property. This will enable the steel-maker to develop a LEED-certified steel manufacturing plant, as well as storage and a distribution facility.
“This is good news for Brownsville and the result of hard work by many individuals and organizations over a long period of time. Our rail partner OmniTRAX played an important role in introducing this opportunity to the port,” stated John Wood, chairman of the Brownsville Navigation District board. “We are excited about this step forward and remain confident the venture will be beneficial for all parties, for Brownsville and the Rio Grande Valley.”