The projects approved on May 6 under San Antonio’s 2017-2022 Municipal Bond program include a big piece of infrastructure that will accelerate redevelopment efforts at Port San Antonio as it continues to create new jobs.
Many organizations at the Port have been hiring new employees as they expand their operations.
Industries at the Port directly employ 13,000 workers and generate over $5 billion in economic activity each year for the San Antonio community. Employees at the Port commute each day from throughout the region, including adjacent counties.
Yet about half of Port land remains to be developed. Additional strategic site preparation and infrastructure will directly support the retention of jobs and significantly advance redevelopment activities that grow employers along those target industries. To advance those priorities, the Port, its customers and various public partners have over $100 million in current and upcoming capital projects underway.
The municipal bond adds $24 million to these redevelopment priorities. The funding will be dedicated to much-needed drainage infrastructure. The main component of that work entails building a drainage channel that connects existing water detention ponds along 36th Street with an existing channel on the south of the property which flows into Leon Creek.
This drainage project is essential to further grow the Port’s platform. There are already 10 million square feet of usable commercial and industrial spaces at the Port, and today those facilities are near full occupancy. Construction of drainage infrastructure will enable the preparation of hundreds of remaining acres for the development of new buildings. Those spaces will in turn allow for expansions by employers and the creation of thousands of new jobs and the addition of billions of dollars to the region’s economic activity.