Port of Vicksburg, Kinder Morgan in talks to extend contract to operate port facilities


We also have more stories about:
(click the phrases to see a list)

Subjects:

Places:

 


VICKSBURG, Mississippi — The Port of Vicksburg and representatives of Kinder Morgan are in talks to extend the company's contract to operate port facilities.

In October, the five-member Warren County Port Commission voted to tack one more year onto the Houston-based terminals operator's recurring deal to oversee the crane support platform and ancillary buildings at Port Terminal Circle. The current extension runs through December.

The Vicksburg Post reports (http://bit.ly/1pnVc4s ) port director Wayne Mansfield asked Kinder Morgan, of Houston, Texas, to present a proposal next month that would keep the company in Vicksburg in 2015.

Current lease terms call for the company to pay $135,000 in base rent plus 8 percent if revenue tops $1 million. The incentive jumps to 15 percent if revenue reaches $1.4 million.


Information from: The Vicksburg Post, http://www.vicksburgpost.com

All content copyright ©2014 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528