Rail business invests in Gainesville Gateway Industrial Park

GAINESVILLE, Texas (KXII) – This afternoon Gainesville made an arrangement with a Philadelphia dependent rail business investor, by providing Gateway Industrial Park for enhancement.

“With this partnership with Strategic Rail and them generating this expense in this article in our community, it is a recreation changer for not only Gainesville, but all of North Texas,” claimed Gainesville Mayor Tommy Moore.

Tuesday Gainesville Financial Improvement Company signed an agreement with Strategic Rail Industrial, a rail market advisor and trader throughout North The usa.

“What they’re gonna do is create a rail park that will have an intermodal transportation, a facility in it, and then they will current market the relaxation of the house for rail corporations,” claimed Moore.

Now homeowners of Gateway Industrial Park off FM 1202, the Philadelphia centered company programs to develop a 142-acre rail serviced industrial park.

“I consider the possibility right here is truly in producing. Production is surely escalating in the United States as we see provide chains shifting back again to our very own borders,” claimed John Elliott, President of Strategic Rail Finance.

The park will consist of 55 railcar spots for loading and unloading and each day neighborhood support for BNSF.

“We have some really enjoyable conversations going on with perspective park tenants appropriate now. So our hope is to be breaking floor quickly immediately after the new calendar year for building on the track and the initially buildings,” said Elliott.

Elliott explained it’s a $15-18 million expenditure, and Gainesville’s location offers them a massive probable for development for a long time to occur.

“Value of a project like this isn’t measured in dollars it’s definitely calculated in jobs. My hope would be to see 400, 500 employment in that industrial park,” reported Elliott.

“This is just probably the most important factor that’s happened in 50 a long time in Gainesville, Texas,” reported Moore.

Copyright 2021 KXII. All rights reserved.