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West Texas town to get $8.6M rail park developmentNovember 16, 2009 1:26 PM ETLEVELLAND, Texas (AP) - A $8.6 million industrial rail park will soon be built in the rural West Texas town of Levelland. Dave Quinn is executive director of the Levelland Economic Development Corp. He said Monday the 300-acre development will be complete in 2010. Groundbreaking ceremonies were set for Thursday. The project is getting $3.3 million in federal stimulus funds along with $1.5 million of the corporation's cash reserves as well as $4.5 million loan through bonds sold by the city. The corporation will use sales tax revenue it receives monthly to repay the loan, he said Quinn said the corporation hopes the development will create 1,000 jobs and $100 million in new capital investment over its first 10 years. Levelland is about 330 miles west of Dallas. Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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