It looks like the entire property that once made up Naval Station Ingleside will soon belong to Occidental Petroleum Corporation.
The Corporation's subsidiary company, Oxy Ingleside Property Holdings, submitted a $7-million bid Tuesday, for the campus portion of the former Navy base. That's roughly 100 acres.
Oxy also submitted a $1-million cash deposit on the property Tuesday. All six Port Commissioners voted in favor of the bid.
Early this year, Occidental Petroleum placed a bid for most of the surrounding property, and that purchase should be finalized in another month. Tuesday's bid means that by later this year, the company could own more than 460 acres of that land in Ingleside.
"All of that will move into the hands of private industry, which is what we wanted to have happen," Port Chair Mike Carrell said. "We have the good fortunate of being in Texas. We have the good fortunate of being on a deep-water port, and the good fortunate of being near an Eagle Ford Shale. All of that is working in our favor, with the prices of gas, to make something substantial happen at Naval Station Ingleside that will benefit the entire community."
A purchase agreement for the campus portion will be considered by Port Commissioners during their next regular meeting on Aug. 14. If approved, Oxy will get 35 days to look over the property before finalizing the deal.
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