Former Naval Station Ingleside sold for $82MFormer Naval Station Ingleside sold for $82Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=90072012-11-15T07:08:00Z2012-11-15T07:00:00Z

INGLESIDE - The Port of Corpus Christi sold Naval Station Ingleside to Occidental Petroleum Corp. — known as Oxy — for $82.1 million. The deal clears the way for redevelopment of the more than 800-acre property.

The port also is working on a sales agreement with Oxy for the company’s $7 million bid for the 100-acre campus portion of the base. If that tract is sold, Oxy will own the entire 915-acre piece of property — the base, the campus and vacant land — along the San Patricio County shores of Corpus Christi Bay.

The first phase of development could bring liquefied petroleum gas from the Eagle Ford Shale drilling region about 65 miles northwest of Corpus Christi and load it onto barges. Other possible phases include a liquefied natural gas facility and storing crude oil, condensate or refined products.

The investment would roughly total $1 billion and could support as many as 200 direct and indirect jobs, company and port officials have said.

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Corpus Christi Caller-Times
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