$82M sale of former Naval Station Ingleside done

Occidental Petroleum $82M deal to buy site of former Naval Station Ingleside completed

Author:
Published On: Nov 14 2012 08:58:17 AM CST

CORPUS CHRISTI, Texas (AP) — Occidental Petroleum Corp. has completed its $82 million purchase of the South Texas site of former Naval Station Ingleside.

Port of Corpus Christi commissioners in May approved the 815-acre contract. Port consultant Tom Moore on Tuesday announced the deal has been finalized.

The company plans to redevelop the property near its Oxy Chemicals unit.

The former naval facility closed in 2010.

  • Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.