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Dock 7 Acquisition to Support Continued Growth in Port of Duluth-Superior

Monday, February 2, 2015

Duluth, Minn. (1/30/15) – The Board of Commissioners for the Duluth Seaway Port Authority has approved a Purchase Agreement with XIK Corporation, for the acquisition of a 35.7 acre dock in the Duluth Industrial Waterfront zoning district. 

 

The Port Authority intends to market this property to industrial operations in need of leasable land, while further developing a long-term redevelopment strategy for putting this industrial dock back into full maritime service. If all contingency items are satisfied, the closing date for this acquisition is set to occur on March 23, 2015

 

The Dock 7 property is in the Irving Neighborhood of West Duluth near the Waseca industrial area.  The property is served by a BNSF rail spur and has immediate access to the federally-maintained shipping channel in the upper Duluth Harbor, just 15 days sailing time from European markets via the Great Lakes-St. Lawrence Seaway. 

 

The Duluth Seaway Port Authority is an independent public agency created under Minnesota state statute to promote trade development and to expand and improve facilities that foster economic development within the Port of Duluth-Superior, the largest tonnage port on the Great Lakes-St. Lawrence Seaway system.

 

The Duluth Seaway Port Authority manages a competitive portfolio of industrial real estate and waterfront properties located throughout the City of Duluth.  A variety of local, state and federal incentive programs are available on Port Authority properties, including bond financing and Foreign Trade Zone access.

 

 

For more information about Airpark or other Port Authority managed properties, please contact Jeff Borling, Director of Industrial & Economic Development, at 218.727.8525 or visit: http://www.duluthport.com/authority-development.php

 

 

 

 

Duluth, Minn. (1/30/15) – The Board of Commissioners for the Duluth Seaway Port Authority has approved a Purchase Agreement with XIK Corporation, for the acquisition of a 35.7 acre dock in the Duluth Industrial Waterfront zoning district. 

 

 

 

The Port Authority intends to market this property to industrial operations in need of leasable land, while further developing a long-term redevelopment strategy for putting this industrial dock back into full maritime service. If all contingency items are satisfied, the closing date for this acquisition is set to occur on March 23, 2015

 

 

 

The Dock 7 property is in the Irving Neighborhood of West Duluth near the Waseca industrial area.  The property is served by a BNSF rail spur and has immediate access to the federally-maintained shipping channel in the upper Duluth Harbor, just 15 days sailing time from European markets via the Great Lakes-St. Lawrence Seaway. 

 

 

 

The Duluth Seaway Port Authority is an independent public agency created under Minnesota state statute to promote trade development and to expand and improve facilities that foster economic development within the Port of Duluth-Superior, the largest tonnage port on the Great Lakes-St. Lawrence Seaway system.

 

 

 

The Duluth Seaway Port Authority manages a competitive portfolio of industrial real estate and waterfront properties located throughout the City of Duluth.  A variety of local, state and federal incentive programs are available on Port Authority properties, including bond financing and Foreign Trade Zone access.

 

 

 

 

 

For more information about Airpark or other Port Authority managed properties, please contact Jeff Borling, Director of Industrial & Economic Development, at 218.727.8525 or visit: http://www.duluthport.com/authority-development.php

 

 

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