Logistics has been an economic lifeline for the Inland Empire for decades. Now that the industry is hitting a downturn, the region is feeling the pain.
Highland Fairview s 41M sf logistics center in Moreno Valley therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
The Press-Enterprise – April 29
Developer Highland Fairview and a coalition of environmental groups last Thursday signed a $47 million settlement agreement intended to reduce the environmental impact of the proposed 40.6 million-square foot World Logistics Center warehouse complex in Moreno Valley. The project, comparable in size to 700 football fields and likely to be one of the world’s largest logistics centers, has been the subject of legal challenges for over five years. The settlement requires Highland Fairview to invest up to $12.1 million in electric vehicles, use solar electricity to generate at least 50% of each warehouse’s demand, create electric vehicle charging infrastructure, electrify the complex, and take measures to reduce the center’s impacts on air quality, local wildlife, and area residents.