3501 Brandon Road in Joliet, a spec development in the CenterPoint Intermodal Center.
Local leaders of top industrial developers haven’t had much of a break in recent months as interest in Chicago-area industrial continues to reach new heights. And it’s not all pandemic-related upticks in e-commerce though, that’s certainly a big part of the story. Despite the disruption the pandemic caused in 2020, this year is already shaping up to be a busy one for builders, brokers and industrial tenants.
But where are the big industrial developers building? What are some of the challenges they’re facing right now? And how does Chicago stack up in a national portfolio of assets?
ebevins@newsandsentinel.com
Parkersburg City Council President Zach Stanley, left, speaks during Tuesday’s council meeting at the Municipal Building as Councilmen Chris Rexroad and Austin Richards listen. (Photo by Evan Bevins)
PARKERSBURG The first reading of an ordinance authorizing the sale of the Memorial Bridge to a private entity was approved on first reading by Parkersburg City Council on Tuesday.
Council voted 8-0, with Councilwoman Jessica Cottrille absent, to approve the contract with United Bridge Partners of Colorado, which proposes giving the city $4 million for the span and commencing an approximately $50 million rehabilitation project to keep the bridge operational for at least another five decades.
ebevins@newsandsentinel.com
PARKERSBURG Parkersburg City Council will vote on the first reading of an ordinance authorizing the sale of the Memorial Bridge to a private entity Tuesday.
Council will also consider the 2021-22 Community Development Block Grant and Parkersburg-Wood County HOME Consortium budgets at the 7:30 p.m. meeting, with a public hearing on plans for the federal funds slated for 6:30 p.m.
Documents for the proposal by United Bridge Partners to purchase and upgrade the Memorial Bridge through an estimated $50 million rehabilitation project were released last week, and company representatives made a presentation to council members during an April 29 Committee of the Whole meeting.
ebevins@newsandsentinel.com
PARKERSBURG United Bridge Partners is based in Colorado, but company officials envision the proposed $50 million rehabilitation of the Memorial Bridge as a very local project.
“We’re pretty happy about the economic boom this is going to create for the area, especially coming out of the COVID-19 pandemic,” said Ryan Dolan, vice president of business development for UBP, during a presentation Thursday before Parkersburg City Council.
The company has submitted a bid to purchase the bridge for $4 million and rehabilitate it to extend its useful life by a minimum of 50 years. The deal is pending the approval of council and the West Virginia Public Service Commission.
ebevins@newsandsentinel.com
United Bridge Partners is based in Colorado, but company officials envision the proposed $50 million rehabilitation of the Memorial Bridge as a very local project.
“We’re pretty happy about the economic boom this is going to create for the area, especially coming out of the COVID-19 pandemic,” said Ryan Dolan, vice president of business development for UBP, during a presentation Thursday before Parkersburg City Council.
The company has submitted a bid to purchase the bridge for $4 million and rehabilitate it to extend its useful life by a minimum of 50 years. The deal is pending the approval of council and the West Virginia Public Service Commission.