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America’s Central Port wins $630,000 from DCEO for Opportunity Zone development

America’s Central Port wins $630,000 from DCEO for Opportunity Zone development
September 9, 2020 Evan Glantz

This story was originally published in the Illinois Business Journal on June 25, 2020.

Illinois Business Journal

“America’s Central Port is receiving a $630,000 infrastructure grant award from the Illinois Department of Commerce and Economic Opportunity under its Opportunity Zone Program.

The program bolsters the competitiveness of the state’s Opportunity Zones by providing matching funds for infrastructure investments and site readiness activities to help attract Opportunity Zone investment.

The port’s submission will realign and reconstruct West Fourth Street in the port’s Warehouse District. The realignment and reconstruction of this street will move it further away from the warehouses it serves, allowing for more effective truck circulation and improving last mile efficiencies for both future prospects and current manufacturing tenants looking to grow.

With the potential for new development on the 60-acres of undeveloped and rail-served land adjacent to this street, this particular infrastructure investment is ideally poised to attract private investment and employment opportunities to this Opportunity Zone census tract. (The proposed project is located in census tract 17119400200, a designated Opportunity Zone.)…”

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