Avondale would-be owner ID’d

Avondale (La.) Shipyard would be turned into a privately owned multi-modal shipping terminal under a joint venture identified March 22 at a Port of New Orleans board meeting, according to New Orleans City Business. The would-be owner was identified as HRE New Orleans, which is a joint venture of T. Parker Host Inc. of Norfolk, Va., and Hilco Global of Northbrook, Ill. The Dock Board passed a resolution supporting the venture's redevelopment of the former shipyard. NOLA port President Brandy Christian said it is "very close" to completing a cooperative endeavor agreement with HRE. The potential purchase price was not disclosed. (Source: NOLA.com 03/22/18)