Federal Express details plans of $150 million NKY expansion
FedEx plans to expand its Northern Kentucky hub by purchasing 80 acres of land to construct a 355,000-square-foot expansion on its existing distribution center in Independence, with a total cost of $150 million.
New details are emerging about FedEx’s plan to expand its Northern Kentucky hub in Independence.
The package delivery service wants to purchase 80 acres of land to construct a 355,000-square-foot expansion on its existing distribution center, according to a report released by the Kentucky Economic Development Finance Authority. It expects the project will cost $150 million, with $7 million spent on land, $70 million spent on the building and improvements and $73 million spent on equipment.
The expansion would create 62 new jobs with an average salary of $50,600, and the company says it’s necessary to manage a projected increase in package volume and provide relief for a nearby hub that’s reaching capacity.
Read the full Cincinnati Business Courier story here.
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