Friday, 03 February 2012 00:00

 In monthly report, Dreyer cites 2011 as year of historic accomplishments  

HOUSTON – Building on a record year, the Port Commission of the Port of Houston Authority has approved a significant new redevelopment plan for obsolete properties located on the Houston Ship Channel at the Turning Basin Terminal.  Demolition of existing facilities on the properties would progress over the next three years, and is expected to increase the value of the properties by an amount far in excess of the demolition costs, according to R.D. Tanner, Senior Director, Real Estate. The value of many of the tracts is enhanced by existing rail access and close-at-hand freeway location.  The redevelopment plan was among a host of matters decided during the Port Commission’s Jan. 24 regular meeting.

Thursday, 08 December 2011 12:21

Texas Southern University’s recently closed loan transaction through the Department of Education will provide significant financial benefit to the university.   According to Lewis Edwards, TSU Treasurer, the transaction funded the purchase of specific on-campus assets, including two student housing facilities consisting of University Courtyard (308 beds), Tierwester Oaks (424 beds) and East/West parking garages.   The facilities were originally financed as privatized transactions that were owned by non-profit limited liability corporations.