Posted: 10:37 AM, Nov 09, 2018, Updated:10:38 AM, Nov 09, 2018 By: Associated Press, Published on: WCPO
LAWRENCEBURG, Ind. (AP) — State officials eyeing a swath of land along the Ohio River for a possible new shipping port have extended their option to buy that southeastern Indiana acreage.
An agreement announced Thursday extends until June 30, 2019, the Ports of Indiana’soption to buy up to 725 acres near Lawrenceburg, about 30 miles west of Cincinnati. The previous purchase optionwas set to expire on Dec. 31.
The land was once owned by Indiana Michigan Power Co., but is now owned by a development company.
If Indiana goes ahead with the purchase it would pay $8 million for the site, which officials say would become Indiana’s fourth state port, spurring local development.
Indiana currently operates Ohio River ports in Jeffersonville and Mount Vernon and a Lake Michigan port at Burns Harbor.