AMES, Iowa – Jan. 15, 2013 – Today, the Iowa Transportation Commission approved a Revitalize Iowa's Sound Economy (RISE) grant application submitted by Woodbury County. Up to $3,003,689 will be made available to assist in construction of approximately 9,860 feet of roadway. This includes improvements to 260th Street (Woodbury County Road D-51), from a point near the Interstate 29 interchange, west to Port Neal Road; intersection and turn lane improvements along Port Neal Road from 259th Street to 260th Street; and construction of 259th Street. This project is anticipated to be completed by November 2014.
The application was approved as a RISE Immediate Opportunity grant for up to $2,100,000 and RISE Local Development grant for up to $903,689, totaling $3,003,689. Funding will come from the county share of the RISE Fund.
The requested improvements are necessary to provide access to the proposed expansion facility of CF Industries Inc., a fertilizer manufacturing company that will add new state-of-the-art ammonia and granular urea production units. The project will support retention of 110 jobs and creation of 100 jobs, and more than $1.7 billion in associated capital investment.
Roadway improvements will also serve 535 acres for future manufacturing and industrial development.
For more information, contact: Stuart Anderson at 515-239-1661 or firstname.lastname@example.org.