AVONDALE, La. - T. Parker Host announced Oct. 7 the grand opening of the former Avondale Shipyards as Avondale Global Gateway. The former shipyard has been transformed in the past four years since its acquisition into a global logistics hub for intermodal commerce. “We felt the responsibility of bringing this site back ... and the next phase of redevelopment is to bring on anchor tenants that add value to Avondale,” said CEO Adam Anderson. On the Mississippi River, Avondale Global Gateway combines river, road and rail connections with ample storage and laydown space (about 300 acres) ashore and 1.5M square feet of convertible warehouse/manufacturing space, including indoor and outdoor Foreign Trade Zone storage.
Avondale has a long history as one of the state’s top economic drivers and at one point was home to the largest employer in Louisiana. Before the 2018 acquisition by Host and Hilco Redevelopment Partners (Hilco), the site had fallen into disrepair. Host has invested over $100M in redevelopment and up to $1B in capital investments is expected, according to a recent economic impact study released by Dr. Stephen Barnes, director of the Kathleen Babineaux Blanco Public Policy Center. The master plan is expected to create a total economic impact of $32B in output and increase Louisiana payrolls by $8.6B by 2027. (T. Parker Host 10/07/22) T. Parker Host launches Avondale Global Gateway | Business Wire
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