Houston's economic diversity Thread .. (Dallas, Fort Worth: lawyer, low cost, floors)

[jfre81]

Originally Posted by Jack Lance

Lets not forget about the Port of Galveston, which is separate from the Port of Houston, which includes, the Port of Texas City, Bayport , Barbours Cut and of course the Houston ship channel all the way to the turning basin.

Bayport is owned by the City of Houston and is operated by the Port of Houston Authority, as is the Barbours Cut cargo terminal in La Porte.

The Port of Texas City is jointly owned by Union Pacific and BNSF railroads and is operated in conjunction with a public port authority that is independent of Houston or Galveston. It moves about four times the tonnage of the Port of Galveston, and is the busiest privately-owned seaport in the United States.

The Port of Galveston is owned by the City of Galveston, and is indeed separate from the port authorities of Houston or Texas City. It makes more money off selling parking for cruises than from anything else.

[Jack Lance]

Originally Posted by jfre81

Bayport is owned by the City of Houston and is operated by the Port of Houston Authority, as is the Barbours Cut cargo terminal in La Porte.

The Port of Texas City is jointly owned by Union Pacific and BNSF railroads and is operated in conjunction with a public port authority that is independent of Houston or Galveston. It moves about four times the tonnage of the Port of Galveston, and is the busiest privately-owned seaport in the United States.

The Port of Galveston is owned by the City of Galveston, and is indeed separate from the port authorities of Houston or Texas City. It makes more money off selling parking for cruises than from anything else.

Thanks for the correction, you are correct Texas City is separate from Port of Houston or Galveston. I thought I remembered reading Texas City voting to join with the Port of Houston at some point with Galveston rejecting the same offer. I was mistaken.

Now I must dispute that parking for cruise lines is the largest generator of revenue for the Port of Galveston.

Parking revenue for 2016 was $169K or 6.32% under 2015. The decrease in revenue is due to
decreases in paid surface cruise parking ($461K) and other parking operations ($32K) offset by
income from the SMP Garage ($228K) and the Galveston Transit Terminal ($96K). The decrease
]in cruise parking is primarily due to a loss in market share

The total operating revenue for the Port of Galveston in 2016 was over 34 million. They received more from stevedoring and pilot services to the cruise lines than parking.

Vessel and Cargo Revenues increase 2% or $426 thousand.


Cruise Passenger revenue for the twelve month period ending December 31, 2016 (2016)

were $299K or 3.45% over revenues for the twelve month period ending December 31,
2015 (2015). The increase in revenue is the result of an overall increase in passenger
movements for 2016 over 2015 for Carnival Cruise Lines ($134K), Disney ($15K) and
Royal Caribbean International ($150K).

Ship Services revenue for 2016 was $696K or 21.77% over 2015. The increase in
revenue is primarily due to renegotiated rates with Disney to include stevedoring and
pilot services. This will also be reflected below by an increase in ship service expenses.


http://www.portofgalveston.com/Docum...l-123116?bidId= pages 32 and 33 of a 100 page pdf thank me later.

[jfre81]

The City of Texas City doesn't own the port, and therefore does not have the authority to merge the PoTC with the PoH even if it voted to do so.

If the city did own the port, I don't understand why they would give up that level of control to a larger port authority that will treat the PoTC like the proverbial redheaded stepchild of the house. Texas City would get nothing out of it and would have to raise the public funds to purchase the facility from UP/BNSF to give up that control.

We'll have a ski lodge in San Leon before that ever happens.

[madrone2k]

Thanks to both of you guys for sharing the discussion. I did know that Bayport and Barbours Cut were operated by the Port of Houston. Do any of you know the current status of the cruise ship terminal the PoH built at the latter? It seems to have been a result of really poor judgement, but has it been re-purposed for container shipping (or whatever) or it is still idle?

[jfre81]

Originally Posted by Jack Lance

Now I must dispute that parking for cruise lines is the largest generator of revenue for the Port of Galveston.

https://www.chron.com/neighborhood/b...re-6631062.php

The cargo terminal breaks even. The cruise terminal and parking lots are in the black. Revenue is not the same as profit. I said "makes more money." Profit is making money.

[Jack Lance]

Originally Posted by madrone2k

Thanks to both of you guys for sharing the discussion. I did know that Bayport and Barbours Cut were operated by the Port of Houston. Do any of you know the current status of the cruise ship terminal the PoH built at the latter? It seems to have been a result of really poor judgement, but has it been re-purposed for container shipping (or whatever) or it is still idle?

Update: Auto Warehousing Co. unloaded its first containers of cars at the former Bayport Cruise Terminal on Nov. 30, according to a release. The terminal is expected to import 36,000 vehicles over the next three years.

The first shipment was for 428 Fiat 500X cars.

https://www.bizjournals.com/houston/...rminal-to.html

Originally Posted by jfre81

https://www.chron.com/neighborhood/b...re-6631062.php

The cargo terminal breaks even. The cruise terminal and parking lots are in the black. Revenue is not the same as profit. I said "makes more money." Profit is making money.

This article states that "most of the port's cruise profit comes from parking". Not most of the ports profits. And BTW without the Cruise lines there would be no revenue from parking so separating the two is misleading

[Jack Lance]

They are here !





Port Houston’s newest ship-to-shore cranes stand nearly 30 stories tall with a boom length of 211 ft. able to load and unload vessels up to 22 containers wide. (Photo: Business Wire)


August 07, 2018 07:33 PM Eastern Daylight Time
HOUSTON--(BUSINESS WIRE)--The arrival of three new 270 foot-tall Super Post-Panamax cranes to Port Houston’s Bayport Container Terminal today highlights $100 million in investments there. These three neo-panamax ship-to-shore (STS) cranes are the first of two crane shipments Port Houston is to receive this week.

“The level of activity with the shipments of cranes this week is unprecedented”
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These newest STS cranes are the first of eight cranes to be delivered over the course of two days. The additional five cranes scheduled for delivery Wednesday are rubber-tired-gantry (RTG) cranes.
“The level of activity with the shipments of cranes this week is unprecedented,” said Executive Director Roger Guenther. “To see the visual display of both ship-to-shore and container yard cranes being delivered to our newly constructed Wharf #2 at Bayport in a matter of days is an amazing demonstration of our commitment to investment at work.”
Port Houston is the largest container port on the U.S. Gulf of Mexico, handling nearly 70 percent of all containers moving through the gulf. Considerable strategic investment is being made by Port Houston in response to the steady growth it is experiencing.



https://www.businesswire.com/news/ho...yport-Terminal

[Jack Lance]

A new CEO at Station Houston and Conn's massive new wharehouse in North Houston are both adding to Houston's economic diversity.

Startup incubator Station Houston named Gabriella Rowe its new CEO effective immediately, according to an Aug. 14 statement from the firm.

Rowe, who left her role as head of The Village School at the conclusion of the academic year, most recently served as the director of project management and corporate development at Nord Anglia Education, the parent company for The Village School. She will take over at Station Houston from former CEO John Reale, who co-founded Station Houston in 2016, according to the statement. However, Reale will remain on the board at Station Houston.

"I am so excited to get started because I think we are only scratching the surface relative to the resources, education, and collaborations we can bring to make Houston a groundbreaking city for long-term innovation and entrepreneurship," Rowe said in the statement.

Station Houston was founded in March 2016, "and now serves over 200 startups, 400 members, 130 mentors and dozens of high-impact strategic partnerships with corporations and service providers that represent the key industries serving the Houston economy," per the company's release.
https://www.bizjournals.com/houston/...ge-school.html


Conn’s to break ground on new local distribution center near George Bush airport !

A locally based furniture and appliance retailer will soon break ground on a new distribution center in north Houston.

The Woodlands-based Conn’s Inc. (Nasdaq: CONN) will break ground Aug. 15 on a 656,658-square-foot facility located at 1401 Rankin Road, according to a press release. When complete in the second quarter of 2019, the project will serve as a warehouse, distribution center, office, clearance and customer pickup center as well as support 20 to 45 retail stores, a spokesperson said.

Currently, Conn’s employs about 660 people in the Houston area and about 3,000 in the state of Texas, per the release. The retailer operates more than 118 stores across 14 states. For fiscal year 2019, the company plans to open five to nine new stores all in existing states, Conn's CEO Norm Miller said in a Dec. 7 release.

Conn’s is No. 60 on HBJ’s latest list of the largest Houston-based public companies. It reported $1.62 billion in revenue, $6 million in net income and about 4,000 global employees for fiscal year 2017. The median employee's salary was $35,353.

https://www.bizjournals.com/houston/...tribution.html

[Jack Lance]

Houston economic development organizations are bringing in new people to help foster Houston's economic diversity.

Susan Davenport, president and CEO of the Gainesville Area Chamber in Florida, has been named chief economic development officer at the Greater Houston Partnership. She will lead domestic and international economic development and trade efforts.

Prior to taking the job in Florida, Davenport served on the Austin Chamber of Commerce, where she oversaw global tech strategies and worked on other economic development topics. She helped oversee the Opportunity Austin strategy, which was credited with creating more than 174,000 new jobs over eight years and increasing payrolls by $8.7 billion.

Davenport developed the Greater Austin Technology Partnership and Austin TechLive, which included supporting a coworking technology hub partner in downtown.

Gina Luna, chairwoman of Houston Exponential and a partnership board member, said Davenport's experience in the tech sector should benefit Houston's ongoing efforts to build an Innovation District and foster a broader ecosystem for startups.

https://www.chron.com/business/bizfe...f-13157748.php

https://www.gainesville.com/news/201...-back-to-texas

[Jack Lance]

A private technology company is aiding pilots, and helping to diversify the Greater Houston economy.

Houston-based ForeFlight was among the 500 apps unveiled July 10, 2008. Its $75 price point also earned the distinction of most expensive app.

“Apple had told us ahead of time that we were crazy for charging that much,” said Adam Houghton, principal and executive vice president of engineering, “… and we’ve been able to build a successful business off of it.”

Revenue rose into the millions of dollars. Pilots using the app on Sunday flights began taking it to work, expanding ForeFlight’s reach into flight schools, military aircraft and more than 1,700 corporate flight departments and other larger operators.

The company grew from roughly a dozen employees in 2010 to some 180. Though headquarters are in Houston, ForeFlight’s largest office is in Austin. A mapping team works from Portland, Maine, and a flight planning team works from Odense, Denmark.

https://www.houstonchronicle.com/bus...photo-16050613




Houston, Texas Office

Corporate Headquarters

Our recently expanded more than 10,000 sq ft office sits near the historic River Oaks neighborhood with panoramic views of the Houston skyline. It's a vibrant and tech-driven city, home to NASA and over 20 Fortune 500 companies. You can't get bored in Houston. It has one of the world’s best food scenes, and lively arts and entertainment districts mean a festival, concert or local farmers’ market is always close.
https://foreflight.com/about/foreflight/