The Rock Island River Terminal Corporation held a grand opening for their new fertilizer storage and handling facility Tuesday.
Sitting at the corner of 7th Avenue and Mill street, the state of the art, 40,000 ton fertilizer facility took 10 months to complete. The company's president says the new facility can do about twice the work of the old one.
"We've been operating here as a fertilizer terminal since 1980," said Jeff Goldstein. "But the buildings that were here were old and outdated and the equipment was very tiring. So it was time to really modernize the facility."
The new facility will generate $175,000 annually in property taxes. It will also retain 10 jobs and add another four to six with the new development, not to mention the jobs its already created with construction.
"According to national numbers, for every $92,000 invested, you create a construction job for a year," says Mayor Dennis Pauley. "So take that into $8.5 million, you're creating a lot of construction jobs for a year."
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