Logistics Park Kansas City in Edgerton may not be NorthPoint Development’s only huge industrial park next to an intermodal facility for long.
On Monday, Port KC is scheduled to consider a memorandum of understanding to issue as much as $250 million in taxable revenue bonds in support of a NorthPoint plan to develop 4.3 million square feet of space in Northland Park, an industrial area adjacent to Norfolk Southern’s Kansas City Intermodal Terminal and a few minutes southeast of the Ford Motor Co.’s Kansas City Assembly Plant in Claycomo.
Located three miles east of Interstate 435 along Missouri Highway 210, Northland Park already is home to large facilities for Musician’s Friend, FedEx Ground, FedEx LTL and WW Grainger.
According to the MOU scheduled to be considered, the NorthPoint project will include nine to 10 Class A industrial buildings along with related public and private infrastructure improvements.
The $250 million project is expected to be built out over seven years, add 2,000 new jobs within the local distribution and warehousing sectors, and promote ancillary development.
The bond issuance will make each phase of the NorthPoint project eligible for a 20-year property tax exemption, as well as sales tax exemption on the purchase of building materials.
But in a letter to North Kansas City Schools CFO Paul Harrell, Port KC CEO Michael Collins noted that the project is slated to receive lesser property tax exemptions of 100 percent for 10 years, followed by 50 percent for 10 years.
NorthPoint also is planning to establish a Center for Advanced Professional Studies — or CAPS — partnership with the school district, Collins said in the letter. The CAPS program would have a logistics career focus.
If all necessary approvals are obtained, NorthPoint would commence construction of a first phase including one to three 342,160-square-foot industrial buildings and a roughly 25,000-square-foot industrial office building. Part of a 240-acre development, the initial phase would be built on 88 acres at an estimated cost of $15.4 million.
On the Kansas side, NorthPoint is developing Logistics Park Kansas City, a 1,500-acre master-planned distribution and warehouse project anchored by BNSF Railway’s newest intermodal facility, which opened in late 2013. At build-out, LPKC is expected to include 17 million square feet of structures.