TCPHX Site Location. Tex Tin Site History 130-acre property US government World War II tin production Subsequent smelting operations 1991 – Site closed.

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Presentation transcript:

TCPHX Site Location

Tex Tin Site History 130-acre property US government World War II tin production Subsequent smelting operations 1991 – Site closed 2000 – Remediation begins

TCPHX Redevelopment Opportunity Ideal location for an intermodal yard Close to TCIT container port Rail access to the site Major highway access to the site

Conceptual Redevelopment Plan

Full Service Truck Stop Multi Use Area Warehouse Distribution Freight Forwarder LCL Repackaging Bonded Customs Warehouse Non-Vessel Operating Common Carrier Truck/Trailer/Container/Refer Repair & Wash IntermodalTruck to Rail Transfer Yard Container Storage Yard Disposal Cell No Construction Wah Chang Ditch Conceptual Redevelopment Plan

The Economic Challenge Texas City has a consistently higher unemployment rate than national and state averages

Employment Opportunities Employment Average Hourly Rate Travel Center60$16.50 Intermodal Yard243$34.43 Short-haul truckers172$28.00 Rail6$50.00 Other65$50.00 Office/Warehouse275$24.45 Office225$25.00 Warehouse50$22.00 Total Direct Employment578 Average Wage$27.82

New Jobs TCPHX will generate 578 direct jobs and 289 indirect jobs TCPHX will generate 578 direct jobs and 289 indirect jobs TCIT will generate 660 direct jobs and 1,340 indirect jobs TCIT will generate 660 direct jobs and 1,340 indirect jobs Together the new container shipping, intermodal transfer, and related support industries will create 1,238 direct and 1,629 indirect jobs Together the new container shipping, intermodal transfer, and related support industries will create 1,238 direct and 1,629 indirect jobs A total of 2,867 new jobs will be created in the Texas City area A total of 2,867 new jobs will be created in the Texas City area

Revenue and Tax Estimates SALES REVENUESAmount Non-Fuel Sales Revenue$3,000,000 Fuel Sales Revenue$20,000,000 Total Sales Revenue$23,000,000 SALES TAX REVENUEAmount Non-Fuel Tax $247,500 Local$60,000 State$187,500 Fuel Tax $3,826,087 State$1,739,130 Federal$2,086,957 Total Sales Taxes $4,073,587 PROPERTY TAX REVENUE$1,673,000

Proposed TCPHX Utility Extensions

Concept-to-Operation Schedule

Summary Best and highest use of the former Tex Tin Superfund Site Best and highest use of the former Tex Tin Superfund Site Maximizes new employment opportunities in the region; creates 2,867 new jobs Maximizes new employment opportunities in the region; creates 2,867 new jobs Generates over $4 million in new sales taxes annually Generates over $4 million in new sales taxes annually Attracts public and private sector investment opportunities Attracts public and private sector investment opportunities Optimizes TCIT port capabilities Optimizes TCIT port capabilities