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West Teas Town To Spend Millions On Rail Park Development
A West Texas town plans to spend nearly $9 million to build an industrial rail park.
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LEVELLAND (November 16, 2009)--A $8.6 million industrial rail park will soon be built in the rural West Texas town of Levelland.
Dave Quinn, executive director of the Levelland Economic Development Corp., said Monday the 300-acre development will be complete in 2010.
Groundbreaking ceremonies are Thursday.
The project is getting $3.3 million in federal stimulus funds along with $1.5 million of the corporation's cash reserves as well as $4.5 million loan through bonds sold by the city.
The corporation will use sales tax revenue it receives monthly to repay the loan, he said
Quinn said the corporation hopes the development will create 1,000 jobs and $100 million in new capital investment over its first 10 years.
Levelland is about 330 miles west of Dallas.
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I'm glad this will create new jobs, but what is a 'Rail Park'? Waco can 'not' get anything going even when the Property is donated to them! And Levelland is better described as about 50-60 miles west of Lubbock(not 330 miles west of Dallas). And the Subject line says WEST TEAS TOWN???
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