Special to El Rrun-Rrun
Unless the Port of Brownsville is willing to isse $200 million in bonds and Cameron County can cough up another $20 million in incentives and offer tax abatements, it appears that any hope that Arkansas-based Big River Steel will expand to the port and buiild a high-tech, $1.6 billion mill is unrealistic.
Local port and county representatives at a meeting held last month in Tennessee say that Big River Steel reps said the bond issue and the county's contributions might be necessary to make the port of Brownsville site more attractive to them.
David Stickler, CEO of Arkansas-based Big River Steel saying that the company is spending time, money and effort toward construction of a mill in the southern United States, and that although Brownsville was a contender, BRS was also considering other Gulf coast sites.
Business Wire reported that BRS is doubling the capacity of its existing steel mill, in Osceola, Ark., and is evaluating sites for a second mill in order to grow its business serving Mexico’s vehicle manufacturing sector.
The Brownsville Navigation District Commission approved a lease option agreement with BRS on up to 800 acres of port land, and the company signed an extension on that option agreement this April.
Steve Tyndal, Port of Brownsville senior director of marketing and business development, told the Brownsville Herald Stickler took part in the port’s May 23 Workforce Summit, attended by roughly 60 stakeholders, including representatives from the three proposed liquefied natural gas projects at the port.
But neither the port nor Cameron County Judge Eddie Trevino committed to give Big River the incentives it demanded at the Tennessee meeting. Trevino told the company's reps that his county could not afford to forgo $20 million nor to hand out the amount of tax abatements they demanded.
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rita
7 comments:
Juan,
Otra vez la mentalidad de Jaiba! Desde cuando el Eddie le importa que no haiga dinero? Dios Sabra que se chingaron más de $20 milliones en los parques del contado y ni saben si van a poder recuperar ese dinero. Y luego, que tanto dinero no le dieron a LNG? No se por que no pueden obligar $20 milliones para traer trabajos? Que tal si le preguntan al gobernadora que le den dinero del Texas Enterprise Fund? No van a hacer la planta porque no quieren!!!
Just another Titan scam.
DEMANDED? Its like a hitch hiker you give him a ride and he wants to drive. Where are these companies come from? That puppet at the port is ruining this area with trying to bring in companies that nobody else wants he needs to go...
Make a change or we will at the polls!!!
gime me, give me, give me? you have to give me this or that or we will go elsewhere. Sounds more a a demand or threat than business. Can we afford all these goodies giveaways? And at the same time tax our local people to Death? I sure hope that all local govt officials, county , city port of brownsville tell these bozos to go fly a kite somewhere else.
Another bride to no where. Where's the bridge where's LNG, where's the mill, TSC debacle, where's the Chinese businesses , they've gone there 20 times. Its time for all these clowns to go...
The ‘best job in America’ pays $108,000 a year - but in the poorest city in the country you can get a city, county, school, port and any board job at over 200k a year. And in the port you don't need experience just as long as you know somebody
If the city commission is interested in this issue. Someone should ask. "Who would provide this new enterprise with electric service?"
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