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Port of South Louisiana agrees to buy Avondale Global Gateway for $445M

Por: The Advocate Business January 12, 2023

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The Port of South Louisiana has agreed to for $445 million from the Virginia-based terminal operator that bought it five years ago, a deal port leaders argued will help the site reach its potential for economic development and job creation.T. Parker Host purchased the 254-acre site, now known as the Avondale Global Gateway, for $60 million from . Company officials said last year they invested $150 million into the facility that had been idled... + full article



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