Port of Seattle to sell a $7.8 billion grain storage facility for grain export

Seattle’s Port of St. Johns has announced plans to sell off an 800,000-square-foot grain storage and processing facility, in a move that will bring the port’s grain market closer to international standards.

The Seattle-based Port of Science and Technology said Thursday that it had secured a $1.4 billion grant from the U.S. Department of Agriculture for the project.

The U.N. Food and Agriculture Organization is set to make a decision on the project in late May, but the port has not yet decided how much to charge for the facility.

Port spokeswoman Stephanie Stemme said the lease for the warehouse has not been finalized.

She said the facility will be in operation through 2020.

The facility will produce 10 million tons of grain a year, she said.

Stemme added that the facility would not produce any wheat, barley or sorghum and would produce other grain for the Port of Washington, the state’s grain agency.

The new facility will take about 15 acres and is expected to cost about $2.5 million, according to a statement from Port of Savannah, Georgia, the port where the facility is located.

The port has been struggling to get grain and feed from its warehouses, Stemm said.