Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-The plan to unify the Houston and Galveston ports has met with intense questioning in a series of public workshops held by various entities in Galveston. Both port authorities have OK’d the merger, but a vote is outstanding from Galveston City Council.

A Port of Houston Authority source tells GlobeSt.com that the decision to open the issue up for public discussion before the council vote has spawned serious questions for teams from both authorities. The source says citizens’ primary point of contention has been what they say is a lack of information about the terms. A term sheet with a basic outline of the merger is available, but a more costly full-blown report has not been conducted. The source says such a report would cost hundreds of thousands of dollars to prepare and countless man-hours. “People seem to want all of the details,” says the source, “not just the framework.” The source says that unresolved questions will be “resolved to the benefit of both ports” as the deal progresses.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.