$8M inland port deal tabled by ODC Monday

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Oct. 21—The Odessa Development Corporation on Monday met and tabled a deal that the Odessa City Council already had on their Tuesday agenda to approve.

The deal was to purchase property at 3215 W. Murphy St. for an inland port that will be operated by Permian Basin Inland Port. The agreement calls for the city to purchase the land for nearly $8.3 million and to put almost $1 million into escrow as a refundable earnest money deposit.

That is now on hold as ODC board member Melanie Hollman made a motion to table the issue pending several items, including asking Tom Manskey, executive director of Economic Development for the Odessa Chamber of Commerce, to connect with ODC attorney Jeff Moore to deal directly with the bankruptcy trustee who is selling the land. She also called for an appraisal of the property and for Manskey to connect with Moore for red line changes to the agreement including the earnest money deposit and its refundability. She said a feasibility period length needs to be addressed as well as the need for a survey, appraisal and the appropriate environmental review…

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