The board will use this business-driven plan to prioritize and guide projects and activities to fulfill their mission: to grow the port's business to benefit the Galveston community with jobs, tax revenues and economic growth.
The plan resulted from 1.5 years of research, analysis and public input. Bermello Ajamil & Partners helped the port to develop the document.
Port officials will present the plan to the public in two open houses, and Port Director and CEO Rodger Rees will make several presentations to stakeholders and other organizations throughout the coming year.
Prioritizing projects in five-year phases
‘We'll use the plan's solid data, industry forecasts, port business revenue modeling, project cost estimates, et cetera, to prioritize projects in five-year phases,’ Rees said. ‘If we continue to manage expenses and build revenues, we can fulfill our mission to grow the port and benefit Galveston and the region with more jobs, economic growth and hotel and sales tax revenues.’
Adoption of the strategic plan closely follows the signing of a long-term contract with Royal Caribbean Cruises Ltd. for a $100m cruise terminal, to become the third dedicated passenger facility at the port.