The Big Spring Economic Development Corporation continues negotiations with Permian Energy in regards to a lease agreement for the proposed rail park on EDC property east of town near the ALON refinery.
In a statement provided by Permian Energy Partners, officials say a 90-day plan has been developed to facilitate progress. It is expected take 12 months to start rail operation. The project will include large crude trans-load operations, tank storage, a gas processing plant, pipelines, supporting logistics and warehousing facilities.
â€śIt's just going to take time,â€ť EDC Executive Terry Wegman said. â€śIt's looking good, it's just taking longer than we anticipated because of some changes in the market.â€ť
A project is in the works to expand the rail infrastructure in the McMahon Wrinkle Airpark.
â€śWe have been getting more calls from companies interested in the airpark,â€ť Wegman said and added that one of the many questions is about the rail system.
â€śWe've made room in the budget to develop the infrastructure at the airpark over the next year,â€ť Wegman noted.
Financially, Wegman said, the Big Spring area is doing well compared to her neighbors, being No. 1 in sales tax revenue at 15.9 percent.
Monahans is listed in second at 14 percent.