MASCOUTAH, Ill. (AP) — A private firm has agreed to build a 62,500-square-foot cargo warehouse at a southwestern Illinois airport that hasn’t turned a profit since it opened with great fanfare 12 years ago.
The St. Clair County-run MidAmerica St. Louis Airport will lease 26 acres to H-Trading, a firm led by Wall Street veteran John G. Hewitt.
Hewitt says the airport can become a vital component of the international cargo hub the airport’s administrators want to create.
The county has agreed to commit $250,000 to the project as part of a 13-year leasehold arrangement. The warehouse is set to be built by next June, and it then will come under county ownership.
MidAmerica was named a U.S. port of entry in 2006. It is located about 25 miles east of St. Louis.
Copyright 2010 The Associated Press