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Houston Business Journal - by Jennifer Dawson Houston Business Journal
A $300 million intermodal facility and industrial park under development in Fort Bend County could create 2,000 jobs over the next 15 years.
The Kansas City Southern Railway Co. and Chicago-based CenterPoint Properties Inc. formed a joint venture agreement last month on the 800-acre project. The intermodal hub will serve as a transfer point to move goods between rail cars and trucks for distribution.
The project is comparatively modest in size, according to Curtis Spencer, president of Webster-based IMS Worldwide Inc., a logistics consulting firm.
"As intermodal terminals go, that is relatively small," says Spencer.
He notes two existing intermodal terminals in Houston are more than 300 percent larger than the planned Fort Bend County project.
Spencer acknowledges, however, that the newcomer has a lot of economic potential.
Between 1,000 and 2,000 employees are expected to work in the proposed industrial facilities. An undetermined number of construction jobs are connected to the project in addition to an unknown number of jobs at the intermodal facility.
Barkley Peschel, vice president of development and operations for the Greater Fort Bend Economic Development Council, sees direct and indirect benefits.
He expects the project to have a major impact on Kendleton, a small town near the intermodal site about 24 miles southwest of Sugar Land.
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