Indiana extends option for possible third Ohio River port

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State officials considering a swath of land along the Ohio River for a possible new shipping port have extended their option to buy the southeastern Indiana acreage.

An agreement announced Thursday extends until June 30, 2019, the Ports of Indiana 's option to buy up to 725 acres near Lawrenceburg, about 30 miles west of Cincinnati. The previous purchase option was set to expire on Dec. 31.

The land was once owned by Indiana Michigan Power Co., but is now owned by a development company.

If Indiana goes ahead with the purchase, it would pay $8 million for the site, which officials say would become Indiana's fourth state port, spurring local development.

Indiana currently operates Ohio River ports in Jeffersonville and Mount Vernon, and a Lake Michigan port at Burns Harbor.

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