Harbors freight companies fight over federal land
The U.S. Coast Guard has filed a lawsuit in federal court seeking to block the sale of about $500 million in federal land owned by several major freight companies in Waco, Texas, where thousands of people were evacuated from the city last week amid the worst natural gas leak in decades.
The Coast Guard and the Texas Land Office filed the lawsuit on Monday in U.N. District Court in Wacos, Texas.
“The Coast Guard cannot afford to lose this valuable asset, which would be detrimental to the federal government,” the complaint states.
The land belongs to the U.P.I., the nation’s largest marine oil and gas company, which owns the Waco Ship Channel and is the owner of about 50,000 acres.
The U,P.A. is the only company that owns the waterway.
A spokesman for the company declined to comment.
The lawsuit says the sale would create an adverse effect on Texas and U.R.O. property.
The complaint says the U,O.
has agreed to pay the Coast Guard $1.8 million to $1,000 a month for up to six years to purchase the property, as well as for improvements to the water channel.
The case is pending.
A U.K.-based firm is also seeking to sell the Waco Ship Channel for $1 billion.
The United States Coast Guard says the WACO property is under the jurisdiction of the Federal Emergency Management Agency, and that the Coast Guards Office of Water, which is not part of the lawsuit, will handle all property related issues.
The Wacoos were the site of the worst disaster in U,S.
Nearly 30,000 people were affected in the spill and a record number of people have been treated in the emergency shelters.
More than 100 people have died and more than 200,000 have been evacuated from their homes.
More: http://www.nytimes.com/2016/07/21/world/us-and-the-worlds-largest-oil-sands-delta-island.html?_r=0 The U.,O.
had said it planned to buy the land to replace the land that it had taken over in 2015 for $400 million.
The company said it plans to build a terminal on the property.