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Separate Billion Dollar Projects in the Works

Three projects--a methanol plant, port development, and university expansion--are in various levels of progress across the country

January 10, 2018

A $3.6 billion, four-unit methanol complex proposed in Plaquemines Parish has been issued an air quality permit by the Louisiana Department of Environmental Quality.

Houston-based IGP Methanol LLC has been issued an air quality permit for its planned $3.6 billion, four-unit methanol complex proposed in Plaquemines Parish, Louisiana.

IGP plans to produce 7.2 million tons per year of methanol from natural gas when the Gulf Coast Methanol Park is completed on a 140-acre Mississippi River site near Myrtle Grove. 

The complex will include four identical methanol plants, each producing 1.8 million tons per year. Production is planned to begin in late 2020, the company said, and will employ up to 1,500 construction workers per plant, and more than 325 permanent operation and maintenance jobs.

A $1.5 billion multiuse development is in the works for the Port of San Diego to be called Seaport San Diego. The waterfront site will revamp existing parking lots, tourist attractions, and a fish processing facility to create 70 acres of entertainment, housing and business space.

The project includes 70-acre waterside, a 500-foot-tall observation tower with gondolas surrounding the tower's core, an aquarium, and school.

Because climate change experts predict a rise in the Pacific Ocean's sea level, Seaport San Diego engineers are designing the site to include a resiliency plan for sea level rise, affecting everything from the entrance’s location to placement of electrical systems.

The site also sits near a newly-discovered active earthquake fault that runs from the bay to downtown San Diego, so engineers are building seismic precautions into the development as well.

Operating as 1HWY1, the development team includes the newly formed Protea Waterfront Development. Gafcon Construction is the project manager who plans to break ground on the project in 2021 with a three- to four-year buildout.----

Work began this week on Purdue University's $1.2 billion west campus development with the start of an 835-bed apartment project in an area called the Discovery Park District.

Over the next two decades, Purdue plans to build what it calls a "live-work-play' community the will include a hotel and conference center, housing, and research facilities on a 450-acre site.

Balfour Beatty Campus Solutions will build Aspire at Discovery Park, a three-building, four-story complex that will include studio, two-bedroom and four-bedroom apartments. The complex also will include 18,000 square feet of retail space and is expected to be open  late 2019.

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