Purchase Agreement for Potential Fourth Port Extended
Governor Eric J. Holcomb announced yesterday that the state has extended the option to decide if it will purchase land near Lawrenceburg that could be the site of the state’s fourth port. The Ports of Indiana entered into an agreement in September 2017 to purchase up to 725 acres of land that was formerly the American Electric Power plant. That option was set to expire June 30.
The option has been extended by six months to enable the seller, to complete its environmental remediation plan for the site and submit it to the Indiana Department of Environmental Management. If the Ports of Indiana decides to move forward, the total cost for the land and equipment would be approximately $8 million.
Leave a Reply
You must be logged in to post a comment.