(BRK.A), (BRK.B)
The Kootenai Business Park in Libby, Montana, is now officially one of roughly 20 industrial sites nationwide to be certified by BNSF Railway’s certification program.
In 2016, the Kootenai Business Park received a $750,000 grant from the U.S. Economic Development Administration to restore rail service into the business park.
The total cost of the rail project was $1.6 million to rebuild the 14,000-foot rail spur that originally connected the former Stimson Lumber Co. mill site to BNSF Railway’s main line between Chicago and Seattle.
The Lincoln County Port Authority (LCPA) owns and operates 400 acres of commercial/industrial property acquired after Stimson Lumber Company ceased activity on the property in 2002.
The property, referred to as the Kootenai Business Park (KBP), is suitable for commercial and industrial redevelopment, and a major strategy of the KBP has been the continued investment in infrastructure on the site to attract and support business development.
© 2018 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.