After negotiating a series of deals with Space Exploration Technologies Corp, the Port of Brownsville calculated the value of these new agreements, which could surpass $125 million over the next 50 years, according to an agenda packet the Rio Grande Valley Business Journal obtained last week.
There are many variables, but the biggest chunk of potential revenue comes from natural gas throughput fees totaling $103 million, or $2 million each year, between two pipelines.
The district also expects $14.4 million from natural gas pipeline channel-crossing fees and other easements, $6.2 million from short-term leases in its business park, and up to $5 million from selling SpaceX 1 million cubic yards of dirt.
These figures come from a new financial summary of the memorandum of understanding between the Brownsville Navigation District and SpaceX, Brownsville Navigation District board members heard this week.
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Kristen Mosbrucker-Garza
Reporter
Kristen Mosbrucker-Garza is a versatile multimedia news reporter who lives and works along the Texas-Mexico border in Hidalgo County. Mosbrucker-Garza is a news reporter for the Rio Grande Valley Business Journal. During her career she's worked for the McAllen Monitor, San Antonio Business Journal, The Advocate Newspaper in Louisiana, Phoenix New Times, and public media outlets in Baltimore and Philadelphia.
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