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Redevelopment Pact Near On Hammond Thruport Project

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January 16, 2015 — Lakeshore Public Media — The Hammond Redevelopment Commission’s attorney and attorneys for Hammond-based Thruport Intermodal LLC are working on a redevelopment agreement to build a railroad repair and distribution center at 6939 Kennedy Avenue.  That’s in the old East Gibson Yard in the Hessville neighborhood.

The Lakeshore’s Chris Nolte spoke recently with Thruport project attorney James Weiser.  Here is their conversation, beginning with Weiser’s explanation of the project.

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The 155-acre property includes a 53-acre former oil tank farm and the city’s former landfill. The first phase of the 90 million dollar project’s is a train repair center that would repair trains as a whole unit, but it would be the only one in the country to feature a double loop that allows two entire trains to move through for repair without affecting traffic.  The second phase of the project is cold storage and dry warehouses.

Thruport is asking the city of Hammond for between 2 million and 2.5 million dollars in “tax-increment financing” district funds and it already has a purchaser for the TIF bond.

 

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