Riverport Railroad, LLC
FOR IMMEDIATE RELEASE
Congressman Manzullo -
January 15th 2010, 12:15 PM.
Over the last ten years,
Over the past eleven years RVPR has invested over $8 Million to improve and add rail services both for domestic shipments and to reach export markets. Their efforts and investments have laid the foundation to help improve the regions fortunes. To date Riverport Railroad and their sub-tenants have created over fifty well paid permanent full time jobs.
RVPR is reporting that these investments and hard work will add a very significant number of additional high paying jobs over the next three years. This job creation will be fueled by projects they are announcing at the press conference. They anticipate that many of these jobs will be filled by qualified local job seekers. Direct jobs associated with planned projects are in the range of 380. Using standard multiplier factors suggested by economic experts indicates that the total impact could conservatively exceed 1,000 jobs. The required investments to build these jobs are in excess of $30 Million. These jobs are not exportable offshore. They will remain in the state, in the area, and on site.
Congressman Manzullo stated - I am excited to support what Riverport Railroad is doing at the Savanna Depot. The concept of a “Rail Car Mall” that will bring in multiple types of rail related business operations is very promising for the potential of creating hundreds of direct jobs for citizens in Savanna and the region. This job creating initiative deserves support from all levels of government.
In addition to Congressman Manzullo, Savanna Mayor Larry
Stebbins and the Director at the new
Riverport Railroad, LLC
Local Redevelopment Authority
CONTACT: FOR IMMEDIATE RELEASE
Diane M. Komiskey, Executive Director January 18, 2010
(815) 273-4371 execdir@LRAsavannail.us
LRA PLEASED BY CONGRESSMAN’S SUPPORT
URGES ACCELERATION OF PROPERTY TRANSFERS
The railroad is the largest
tenant in the
The announcement of the
Congressman’s support on this date and in this year is especially meaningful. On
this day, the nation celebrates the birthday of Martin Luther King Jr., and in this
Dr. King, said, “Change does not roll in on the wheels of inevitability, but comes through continuous struggle.”
The LRA has been engaged in a
continuous struggle to receive property, make it marketable and attract businesses
that create jobs to replace jobs lost when the base closed. Ten years after the
installation was shuttered and 15 years after it was selected for closure, the LRA
has received only 35 percent of the
Why? Because like the 1,043 acres that have been received, the 65 percent yet to be conveyed to the LRA will be transferred by the LRA to Riverport Railroad and other entities that have, are trying, and will create employment opportunities.
The LRA urges our conservative friend--Congressman Manzullo--and Riverport Railroad, the State Chamber, Mayor Stebbins, and all of our state and federal lawmakers to continue the struggle, effort and hard work, so that business and employment opportunities follow.
As Betty Steinert, enterprise zone administrator, has testified, citizens here want a paycheck, not welfare.
Our goal: Provide economic growth, create quality employment; improve property values.