COMMENT: Here’s more in-detail information about the developing Kansas City port that mainstream media have repeatedly insisted doesn’t exist/ or has no significance to the SPP agreements applying to the North American region.
Sonya Hubbard
Kansas City Business Journal
November 19, 2008
DESCRIPTION: The CenterPoint-KCS Intermodal Center combines rail lines, distribution centers and highway access within a two-mile radius of the former Richards-Gebaur Memorial Airport.
ACRES: The development covers 1,340 acres: 370 acres for the Kansas City Southern intermodal center and 970 acres for the CenterPoint Industrial Park.
SQUARE FOOTAGE OF WAREHOUSE SPACE: Phase I of the industrial park will offer more than 4.5 million square feet in build-to-suit warehouses and distribution centers. The buildings will range from 100,000 square feet to 1 million square feet, and companies can either buy or lease the space. They will be located adjacent to the rail lines and Missouri Highway 150.
- A d v e r t i s e m e n t
DEVELOPER: CenterPoint Properties, a suburban Chicago-based real estate investment trust that bought the bulk of the property from The Port Authority of Kansas City, will develop the project. Zimmer Real Estate Services LC is the broker. The Port Authority will continue to own about 100 acres and work with Hunt Midwest Enterprises Inc. to mine limestone and create underground storage facilities.
COST: Phase I is expected to cost more than $250 million.
TIMELINE: Phase I will be built in about five years. CenterPoint has graded more than 2 million cubic yards of dirt, installed infrastructure such as utilities and roads, and demolished several of the old hangars. Pad-ready sites will be ready for construction in the spring.
TRANSPORTATION PLAYERS: To date, Kansas City Southern and Schneider National Inc., a trucking company
TRANSPORTATION CORRIDORS: Kansas City Southern Railway’s main line extends all the way from Lazaro Cardenas, Mexico (which is a deep-sea port at the Pacific Ocean) to the intermodal center in Kansas City.
SPECIALIZATION: The intermodal center offers a state-of-the-art, integrated logistics park immediately adjacent to an international Class 1 rail system. The property is also in a Missouri Enterprise Zone and a designated Foreign Trade Zone.
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