USM Raises NOAA Port Lease Rent To $1.47 Million
Alcorn State UniversityHigher Ed · Alcorn State, MS- Disclosed value
- $1,472,416.56 annual rent; up to $32,431,591.30 over full term, excluding adjustments
- From agendapacket
- Document date
- Feb 19, 2026
- Renews
- Free account
The 30-second brief
The University of Southern Mississippi amended its Port of Gulfport lease with NOAA, increasing annual rent to $1.47 million. The 20-year lease has a 15-year firm period and CPI-based adjustments.
National Oceanographic & Atmospheric Association (Noaa) holds this facilities contract with Alcorn State University. Its other public contracts on record include work for Board Of Trustees-Mississippi State Institutions Of Higher Learning.
The renewal date is on record. A free account shows it, with the renewals for every Alcorn State University contract.
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Contract details
- Contract type
- Facilities
- Amount
- $1,472,416.56 annual rent; up to $32,431,591.30 over full term, excluding adjustments
- Document date
- February 19, 2026
- Term
- 20 years, with 15 years firm; effective October 1, 2025
- Renews
- Free account
- Vendor
- National Oceanographic & Atmospheric Association (Noaa)
- Agency
- Alcorn State University
- Source document
- Mississippi Board of Trustees of State Institutions of Higher Learning AgendaPacket Board Book 2026-02-19 (AgendaPacket)
National Oceanographic & Atmospheric Association (Noaa)'s other public contracts
More Alcorn State University contracts
Questions about this contract
Who was awarded the facilities contract by Alcorn State University?
National Oceanographic & Atmospheric Association (Noaa) was awarded this facilities contract by Alcorn State University, as recorded on February 19, 2026. The contract value is $1,472,416.56 annual rent; up to $32,431,591.30 over full term, excluding adjustments.
How much is the National Oceanographic & Atmospheric Association (Noaa) contract with Alcorn State University worth?
The National Oceanographic & Atmospheric Association (Noaa) contract with Alcorn State University is valued at $1,472,416.56 annual rent; up to $32,431,591.30 over full term, excluding adjustments, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Mississippi Board of Trustees of State Institutions of Higher Learning AgendaPacket Board Book 2026-02-19 (AgendaPacket), dated February 19, 2026 from Alcorn State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What is Alcorn State University currently buying?
Explore Alcorn State University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.