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historical islands for bird rookeries. This commitment to the <br />environment will not change with our Bayport Project. The Port <br />Authority will create up to another 200 acres of marshlands in <br />Galveston Bay from dredge material. These marshlands act as a <br />nursery for marine life and provide excellent bird watching and <br />fishing opportunities increasing the recreational value of Galveston <br />Bay. <br />The Port Authority has purchased land neaz the Bayport property <br />that will be protected as a conservation easement. The 173-acre <br />site is hydrologically connected to the Armand Bayou Nature <br />Center to the south and east. On this tract, the Port Authority will <br />create 66.8 acres of wetlands on the site to replace the 18.3 acres of <br />wetlands on the Bayport Property (a 3.6:1 replacement ratio). The <br />Port will enhance 12 acres of existing wetlands on the easement <br />and will create 71 acres of restored upland coastal prairie, a land <br />type that is becoming scazce on the Texas Gulf Coast. <br />Neither the Corps of Engineers nor the Port Authority has any <br />plans to deepen the channel to 50 feet. The wharves at Bayport <br />will have a 50-year life span. To design and construct a wharf that <br />can accommodate a 50-foot channel compared to a 45-foot channel <br />would increase the cost of the wharf by an insignificant 1.2%. That <br />compares favorably to the construction cost of a new wharf in <br />excess of $23,000 per liner foot in today's dollars. <br />If the Corps of Engineers decided to deepen the Houston Ship <br />Channel and the Bayport Channel to 50 feet, there would have to <br />be a separate environmental impact statement. As an example, the <br />Houston Ship Channel is currently being deepened to 45 feet from <br />40 feet. To deepen the channel by five feet required Congressional <br />approval in the Water Resources Development Act, bond election <br />approval by the voters of Hams County, completion of an EIS by <br />the Corps, and annual appropriations by Congress. Finally, if there <br />were such a plan to deepen the channel to 50 feet, it would be <br />known by the Corps. <br />Erosion Protection: The Port Authority has already improved the <br />north shore of the Bayport Channel to prevent erosion from wakes <br />caused by the 6,487 vessel and barge transits each year that <br />currently call on existing private facilities in the Bayport Channel. <br />Property Values: The Bayport Citizens Advisory Committee, <br />made up of area municipalities, environmental groups, industry <br />leaders and the maritime community, commissioned a study on <br />property values in the residential area near the Bazbours Cut <br />Container facility. The study found that residential properties near <br />Bayport Container & Cruise Terminal <br />page 8 of 9 <br />May 2003 <br />