GALVESTON — In a move some officials say is likely the last chance to attract any significant outside investment to the public docks, the Wharves Board of Trustees on Wednesday voted unanimously to pay a consulting firm $300,000 to help find customers and money to redevelop the western half of the Port of Galveston.
The wharves board, which governs the port, voted 6-0 to enter into a professional services agreement with Laredo-based Phoenix Port Partners. The firm’s duties will include finding a developer to fill slips at piers 36 through 41, deepen the nearby channel and develop the area for cargo operations. It also would be responsible for securing terminal operators and financing for the project.
The long-term success of the port, which survives on its own revenues and isn’t supported by taxes, depends on redevelopment of the west end, officials said Wednesday. Deep in debt and barely breaking even each year, the landlord port has struggled to invest in its infrastructure or to make improvements that could attract new tenants. It has gone as far as it can go on its own, officials said.
Click here to read more at the Galveston County Daily News.