Steve Moss is the general manager of DTS Logistics in Montana. He s heard the fierce criticism drivers are leveling against the 3PL industry as rates fall, with a great deal of blame being placed at the feet of the brokerage sector.
Moss reached out to FreightWaves to spell out his case for why. Read More.
Officials pose questions to Majestic Realty ahead of TIRZ vote
March 14, 2021
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Majestic Realty approached the Webb County Commissioners Court on Monday in the company’s pursuit of a public-private partnership with both the city and the county.
Their proposal is to create a tax increment reinvestment zone, or TIRZ, for Port Grande, a future master-planned 2,000-acre logistics park of warehouses and offices near mile marker 13 on I-35. This development, according to Majestic Realty, would create 9,000 jobs and bring in $41 million in revenue for the city and $27 million for the county over the 30-year term of the agreement.
The proposed TIRZ would set aside 55% of the developer’s new property taxes to the city and county until 2051. These funds would instead be reinvested into the infrastructure and public improvements needed in the development process, such as public roads, utility lines and street lighting. After the agreement ends, both the city and coun
Laredo logistics park project promises to bring jobs, new companies to Gateway City
Feb. 9, 2021
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An aerial view of the Port Grande project is shown pre-construction in 2016.Courtesy /Forum CREShow MoreShow Less
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Shown is some of the warehousing completed in phase 1 of the Port Grande project, occupied by Source Logistics and other companies.Courtesy /Majestic RealtyShow MoreShow Less
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Port Grande, a prospective multi-phase logistics park in the heart of the largest inland port in the country, is soon to become a reality as the company and the city finalize a deal for a 30-year tax increment reinvestment zone.
Laredo council approves tax deal for 2,000-acre logistics park
Jan. 26, 2021
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1of3Majestic Realty’s newest project, Port Grande, is a 2,000 acre master planned logistics port.Courtesy photoShow MoreShow Less
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This file photo shows Tractor trailers crossing the World Trade Bridge into the United States from Mexico. The impact of the coronavirus on Mexico’s economy is hurting local economies on the Texas border.Danny Zaragoza /Laredo Morning TimesShow MoreShow Less
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Laredo City Council last week voted to enter into a preliminary public-private partnership with a commercial real estate developer to build a $1 billion, 2,000-acre business park off Interstate 35.
Laredo OKs investment zone for planned $1B industrial park - San Antonio Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.