Port Of South LA, Host Agree On Final Purchase Price Of Avondale Global Gateway
Thu, 09/07/2023 - 5:00am
Recently, the Port of South Louisiana (PortSL) Port Commission voted to approve the amended purchase agreement with HOST of Avondale Global Gateway (AGG) at the final negotiated price of $330 million. Port SL will seek revenue-backed bonds to fund $280 million of the final purchase price and HOST will take on a $50 million seller’s note. While the Port of South Louisiana takes ownership of the property, HOST will act as terminal manager and stevedore.
