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Odessa Development Corporation ends work on proposed inland port after contract and due-diligence concerns
Summary
The Odessa Development Corporation Board voted unanimously at a special session to terminate any further work on a proposed inland port identified in meeting materials as “Project Logical Location,” citing conflicting information from the project’s potential partner and because the receiver overseeing the property moved on.
The Odessa Development Corporation Board voted unanimously at a special session to terminate any further work on a proposed inland port identified in meeting materials as “Project Logical Location,” citing conflicting information from the project’s potential partner and because the receiver overseeing the property moved on.
Board member David Tennant moved to terminate future work on the project and Melanie Homan seconded; the motion passed on a unanimous voice vote.
The board had convened an executive session under Texas Government Code §551.072 to deliberate real-property matters before returning to open session and announcing the decision. In open session a board member said the receiver had moved on and that conflicting information provided by parties involved had not been resolved, leaving…
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