Firm plans $6 million MidAmerica cargo warehouse

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

Comments

One Comment

  1. STU KATZ says:

    sounds like someone is trying to land some China air freight business with the offer of warehousing, in a brand new warehouse that may or may not be built.

    Ooops! I am sorry, but I drove from Union to 270, and the entire stretch is empty warehouses and space the Chinese can use tomorrow.

    Another use for the pink elephant that the taxpayers of Madison and St. Clair counties were suckered into. How much will those taxpayers benefit from this deal? Don’t know but if history becomes a predictor, the good citizens are about to be hosed one more time.

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