Commerce Park II – Rail Site Receives CSX Select Site Designation
March 30 2023 - 11:00AM
CSX (NASDAQ: CSX) today announced that the Commerce Park II – Rail
Site in Hopkinsville, Kentucky, has been designated a Platinum CSX
Select Site.
Select Sites are development-ready properties along the CSX
network for which standard land use considerations and
comprehensive due diligence items have been previously addressed.
These properties meet the needs of a wide variety of manufacturers,
significantly reducing the time required to construct facilities
and ultimately bring products to market.
To receive Platinum CSX Select Site designation, a location must
pass a rigorous evaluation on criteria that include infrastructure
and utility availability; environmental reviews; appropriate zoning
and entitlement; air quality permitting, rail serviceability;
proximity to highways or interstates, and other attributes.
“The State of Kentucky’s commitment to improve roadway access to
Commerce Park II is a game-changer for Hopkinsville,” said
Christina Bottomley, vice president of Real Estate and Industrial
Development at CSX. “With our investment in Casky Yard next to the
Commerce Park site, CSX has long been interested in supporting a
second planned rail-served industrial park for this community.”
CSX introduced the Select Site program in 2012 to better serve
new and existing customers on its network and those of its short
line partners. CSX works with Austin Consulting, a nationally known
site-selection consulting firm, to screen candidate sites and
assist communities with the application and certification
process.
“We thank CSX and Austin Consulting for an exhaustive and
worthwhile process to achieve this important designation,” said
Carter Hendricks, director, South Western Kentucky Economic
Development Council, the region’s three-county economic development
organization.
“With the successful original Commerce Park on the other side of
the railroad tracks, all the necessary utilities are in place to
serve additional industrial facilities,” said Bottomley. “For more
than a decade, industrial-grade roadway access has been the missing
piece of the puzzle for Commerce Park II.”
Commerce Park II – Rail Site is a 150-acre property adjacent to
the CSX mainline and part of a larger planned 1,000-plus acre
industrial park in southwest Hopkinsville. For much of the past
decade, the larger property was considered and marketed as a
potential “mega site,” capable of accommodating an entire
automotive manufacturing facility. Last year, local leadership
opted to subdivide the large property to accommodate multiple
industrial facilities. In October, Ascend Elements began
construction of its largest electric vehicle battery recycling and
engineered materials manufacturing facility at Commerce Park II.
This investment led to support from Kentucky’s Transportation
Cabinet to design and build an elevated roadway over the CSX
mainline, connecting site to US-41, a five-lane highway.
“Having the CSX Select Site certification is another significant
step forward for Commerce Park II and indicates the site is ready
to help companies succeed. We encourage any company or
industry to visit Commerce Park II and join our growing corporate
family,” said Jerry Gilliam, Christian County Judge Executive.
Since its introduction in 2012 as a key component of CSX’s
industrial development efforts, the Select Site Program has
attracted dozens of manufacturers, with capital investments
projected to reach $14 billion and realize nearly 11,000 new
jobs.
“The City of Hopkinsville is excited to learn of the important
Platinum CSX Select Site designation. With over 1,000 acres ready
for development, Commerce Park II is an incredible rail site with
unmatched logistics, workforce, and cost of doing business”,
said Mayor James R. Knight.
The Commerce Park II – Rail Site is now the fourth site in
Kentucky to have received the Platinum CSX Select Site designation.
The property is one of 27 across CSX’s service territory to have
met this rigorous site selection criteria.
To learn more about CSX Select Sites, visit
www.csxselectsites.com
About CSX
CSX, based in Jacksonville, Florida, is a premier transportation
company. It provides rail, intermodal and rail-to-truck transload
services and solutions to customers across a broad array of
markets, including energy, industrial, construction, agricultural,
and consumer products. For nearly 200 years, CSX has played a
critical role in the nation's economic expansion and industrial
development. Its network connects every major metropolitan area in
the eastern United States, where nearly two-thirds of the nation's
population resides. It also links more than 240 short-line
railroads and more than 70 ocean, river and lake ports with major
population centers and farming towns alike.
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Bryan Tucker, Corporate Communications
855-955-6397
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