Port of Grays Harbor Grants Option to Lease to Grays Harbor Rail Terminal for Terminal 3 Property
Aberdeen, WA – The Port of Grays Harbor Commission approved an Option to Lease property at Terminal 3, in Hoquiam, WA to Grays Harbor Rail Terminal, LLC, a local subsidiary of U.S. Development (USD), at its April Commission meeting on Tuesday.
The Option was granted a month after U.S. Development presented its findings from a preliminary feasibility study resulting from an Access Agreement that began in September, 2012. At the March Commission meeting, USD reported their findings were consistent and supportive of their plans to construct a crude by rail unloading and storage facility at the site.
The Option to Lease will allow Grays Harbor Rail Terminal twenty-four months to go forward with further analysis and allow them to obtain the permits required to bring the project to shovel-ready. Upon approval of the necessary permits and other requirements, Grays Harbor Rail Terminal would then seek a long-term lease with the Port of Grays Harbor.
“Liquid bulk storage and shipping would be an excellent addition to the Terminal 3 activity base,” commented Executive Director, Gary Nelson. “The proposed project will not impact our existing tenant, and further compliments the efforts to diversify our cargo and employment portfolio for the community.”
Founded in 1911, the Port of Grays Harbor is one of Washington State’s oldest port districts and Washington’s only deep-water port located directly on the Pacific Ocean. The Port of Grays Harbor operates four deep-water marine terminals, the Westport Marina, Bowerman Airport and numerous industrial and business parks throughout the region. The addition of Satsop Business Park increases the Port’s properties to more than 1,000 acres of industrial properties and an additional 1,300 acres of sustainably managed forestland. Strategically located midway between Seattle and Portland and less than 1 ½ hours from open sea, the Port of Grays Harbor provides businesses a diverse portfolio of facilities.
More information on the Port of Grays Harbor’s facilities and operations is available at portofgraysharbor.com.