Developer Buys Vacant Sears Building in Texas City, Building World’s Largest World Gym

Friendswood attorney and developer Jerome Karam continues adding to his ever-growing real estate holdings in Texas City, this week finalizing acquisition of the vacant Sears building at 10000 Emmett F. Lowry Expressway in what’s now known as Mainland City Centre. With the acquisition, Karam owns 758,000 square feet of property in Texas City alone. So, […]

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Oyster Mariculture Program Launches in Texas

The State of Texas this month launched the oyster mariculture (aquaculture in the ocean) industry, providing an opportunity for significant economic activity along Galveston County, the Gulf Coast, Coastal Bend, and across the state. The new industry along the Texas coast allows people to lease public waters to grow and harvest oysters commercially. Texas had […]

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Bay Area Hot Projects – August 2020

The Bay Area Houston Economic Partnership publishes its Hot Projects multiple times per year. The August 2020 edition is below. To download a PDF version, click here.  Major Industrial Investments NextDecade, based in Houston, is proposing to build a $6 billion LNG export facility on Pelican Island. Kemah 30 acres – Galveston Bay Foundation plans on-site […]

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Galveston Area Officials Considering Ways to Locally Fund Coastal Texas Study

As a decade-long study of how to protect the Texas Gulf Coast from storm damage nears its end, local officials are now considering ways to fund locally what could be a $23 billion-$32 billion federal project. State Sen. Larry Taylor, R-Friendswood; Col. Len Waterworth, executive professor at Texas A&M University at Galveston; and Morgan’s Point […]

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Houston/Galveston Tech Companies Have Raised Over $466M So Far This Year

This year might be a wash for a lot of things, but according to a new fundraising report from Houston Exponential, the Bayou City has seen an increase in funding this year compared to 2019. The HTX Funding Review found that Houston startups raised $466.33 million across 46 deals between January and July — compared […]

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I-45 Expansion Continues South in Galveston County

The freeway expansion represents a $900 million dollar investment in the county’s regional transportation network. “The long-running joke that TxDOT never stopped building Interstate 45 will live on a few more years as state officials this week issued construction contracts to widen the freeway toward Galveston Island.” When the project is finished, the freeway from […]

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Shriners Hospitals for Children Moves to Galveston to Offer ‘Texas-sized’ Care

The Boards of Governors at Shriners Hospitals for Children in Houston and Galveston voted to merge their world-renowned specialty pediatric services to the Galveston location by early 2021, where they will be known as Shriners Hospitals for Children-Texas. “Our dedication to the children and their families remains the same — transforming children’s lives with exceptional […]

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Galveston Island Port Receives $3.75m Grant for New Internal Roadway

Galveston Wharves has been awarded a $3.75 million state grant for a new internal roadway to improve port access and traffic flow between 14th and 20th streets. The Texas Department of Transportation awarded the grant as part of the 2019-2020 Port Access Program. Construction of the $5 million project is planned to begin in August […]

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Marathon Petroleum Restarts Texas City Refinery After Massive Overhaul

Marathon Petroleum Corp began restarting its 585,000 bpd refining complex in Galveston Bay that has been shuttered for more than a month now, according to Reuters sources. The complex—America’s second-largest refinery after Motiva–was shut on May 23rd as part of a massive overhaul. Marathon did not confirm the plans to restart, but the sources indicate […]

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BP to Sell Texas City Petrochemical Plant to Ineos

Energy company BP announced Monday it would sell its petrochemical business, which includes its Texas City Chemicals plant, to British company Ineos for $5 billion, officials said. BP has operated Texas City Chemicals, which employs hundreds in the Galveston County city of Texas City. Those employees will now likely shift to become employees of Ineos, […]

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