Business

Indiana ports extends option for possible 3rd Ohio R. port

Posted November 08, 2018 6:00 am

The Associated Press

LAWRENCEBURG, Ind. (AP) - State officials eyeing a swath of land along the Ohio River for a possible new shipping port have extended their option to buy that southeastern Indiana acreage.

An agreement announced Thursday extends until June 30, 2019, the Ports of Indiana 's option to buy up to 725 acres near Lawrenceburg, about 30 miles west of Cincinnati. The previous purchase option was set to expire on Dec. 31.

The land was once owned by Indiana Michigan Power Co., but is now owned by a development company.

If Indiana goes ahead with the purchase it would pay $8 million for the site, which officials say would become Indiana's fourth state port, spurring local development.

Indiana currently operates Ohio River ports in Jeffersonville and Mount Vernon and a Lake Michigan port at Burns Harbor.

Article Comments

Article Categories
Business Content Providers Indiana News Region

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.