Developers get 12-month extension in Port Neches
Two men interested in development along the Port Neches riverfront have been given another 12 months extension to get their plans together.
Earlier this week Port Neches City Councilmembers granted the 12 month extension to the letter of Understanding with Tom Frazier and Mike Bolin. Frazier, formerly of Nederland, now lives in the Dallas area and Bolin, formerly of Port Neches, now lives in the Houston area, according to information from the city.
Council previously granted six months to the LOU in 2015, which expired on Aug. 18, 2015. A one-year extension was then granted by council, which expired on Aug. 18, 2016. The current extension will expire in August 2017.
“Mr. Frazier and Mr. Bolin have been consistent in communications regarding the development of the riverfront site,” Port Neches City Manager Andre Wimer said. “Based upon ongoing dialogue regarding the project and a recognition of efforts to date, staff believes that an extension of the LOU is warranted.”
Wimer said the two men have previously been involved in a number of retail, commercial and residential development activities in the Houston area.
The one-year extension allows time to do due diligence. The LOU established a time frame in which the city agrees to not discuss the sale or conveyance of the property to other parties.
There is no official word as to whether the duo’s project will come in line with the city’s renewed talks of development of the riverfront.
This year there have been two public meetings allowing citizens to comment on what they’d like to see along the riverfront. The latest meeting, held Aug. 16 at city hall, was headed up by Bill Worsham, director of Coastal Engineering.
Worsham presented visual aides showing a potential boardwalk and walkout pier as well as maps of the area.
Mary Meaux: 409-721-2429