We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Utah Inland Port Authority secures $150 million for public infrastructure

Utah Inland Port Authority secures $150 million for public infrastructure

Logistics agency closes bond sale; will use proceeds to fund proposed intermodal and rail projects.

Screen Shot 2021-12-30 at 3.35.17 PM.png
December 30, 2021
DC Velocity Staff
No Comments
The Utah Inland Port Authority (UIPA) has sold its Crossroads Public Infrastructure District Tax Differential bonds, securing $150 million in funding for public infrastructure, the agency said today.

After fees, the bond closing gives UIPA approximately $112 million in revenue to kick off a slate of proposed projects in the northwest Salt Lake Valley, officials said. Those include a transloading/cross-dock facility, which will leverage existing infrastructure and Union Pacific Railroad’s intermodal rail hub as an option for cargo owners to move freight. The agency said it may also use proceeds from the bonds for rail infrastructure and expansion, a Foreign Trade Zone (FTZ) and U.S. Customs facility, and to support telecommunications infrastructure as part of UIPA’s Intelligent Crossroads Network, a private LTE/5G network dedicated to the supply chain.

UIPA’s board created the Crossroads Public Infrastructure District (PID) in October 2021 as a funding mechanism for publicly owned infrastructure within UIPA’s jurisdictional area in the Salt Lake valley.

“This offering demonstrated the need for problem solvers to address the supply chain challenges we’re facing,” Jill Flygare, executive director of the Utah Inland Port Authority Crossroads Public Infrastructure District, said in a press release. “There is a huge opportunity to enhance logistics in Utah, and it is exciting to have so many national investors who want to be part of what we’re doing.”

The UIPA is a multimodal logistics agency that plans to develop a system of rural connections or “satellite ports” that serve as nodes in the Utah logistics system.
Rail Intermodal Rail Equipment/Yards/Services
  • Related Articles

    Utah Inland Port Authority to build private supply chain LTE/5G network

    Warehouse Exchange Finalizes Exclusive Deal with Utah Inland Port Authority

    Inland port complex in northwest Georgia to be built under public-private partnership

Recent Articles by DC Velocity Staff

Freightos completes plan to go public on NASDAQ exchange, raises $80 million

Retailers lose visibility as they outsource last-mile delivery, FarEye says

Warehouse robots drive change in automotive plant

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Big and bulky last-mile delivery segment set for hot growth

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • In Person: Steve Beverly of Penske

  • InPerson interview: Rob McKeel of Fortna

Now Playing on DCV-TV

89cfed30 8aac 4284 960d c8c8c1886e16

Have you checked your read rate lately?

DCV-TV 4: Viewer Contributed
No reads. Unaccounted for boxes. Boxes sent to the wrong place. A logistics nightmare! But this nightmare doesn’t have to come true. SICK’s linear line scan camera is what dreams are made of for your logistics operations. And if you’re worried about motion and vibration from conveyor belts...well, there’s no reason...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing