Life Science

 



Contact Us
Speaking Engagements
Website Map

 

 

New Multi-Modal Port Development


Scenario


An existing 84 acre river terminal operator in Illinois had purchased an additional 200 acres of land adjoining the current operation for future development. The strategic plan for the sight is to leverage the multi-modal capabilities the area offers including several railroad options. The terminal operator has formed an alliance with the local community to pursue funding sources.

Outcome

Various local, state and federal agencies have infrastructure funding request applications under review. The following obligations have been secured:

Funding
Source

Infrastructure
Grant

State of IL DOT


Up to $2.0 million for road turn out improvements

State of IL DCEO
(for 45 jobs retained)


Tax Credits $626,400

River Edge Redevelopment Grant of $2.0 million for road & rail infrastructuren

Local Municipality


River Edge Redevelopment Grant of $5.0 million for road and rail infrastructure

Up to 25 year in real property tax abatement

 



 

Rubin Advisors
$9.6M

> Next Story