Port Arthur EDC $4 million retrofit

PORT ARTHUR – The Port Arthur Economic Development Corporation (EDC) has made plans to retrofit the old Port Arthur Savings Building at 501 Proctor St. within the next year. It will cost the EDC more than $4 million to bring the building up to code and make it inhabitable

By the middle of 2014, the EDC will have moved into the rehabilitated building, according to Floyd Batiste, CEO of the EDC. The move from 39th St. to Procter St. would be in an effort to spur development downtown, as recommended by the Mercer Report.

The EDC purchased the property at 501 Procter St. from Southland Overseas Investment Inc. for $160,000 in 2010.