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New rail opportunities could be making their way to Big Spring by next year.
Big Spring Economic Development Corporation approved a memorandum of understanding Wednesday with Express Midstream Services LLC (EMS) for a potential lease of property east of Sid Richardson's carbon black plant and northeast of Alon refinery.
â€śThey (EMS) wants to set up an agreement to where they are securing the land while they have an opportunity to come up with a business plan that they can present back to the EDC for the potential lease of this property,â€ť Executive Director Terry Wegman said. â€śThey are wanting to develop a a bulk transload rail yard which will be serviced by Union Pacific.â€ť
The agreement would require $5,000 being put into an escrow account until EMS is able to come back to the EDC with a lease agreement. The deposit would ensure the company has until Dec. 15 to make a decision and present a plan to the board for development of the property.
â€śThis agreement basically stipulates that the EDC will not lease this property to anyone else until EMS has ample time to produce a plan and timeline for the board to consider and approve,â€ť Wegman said.
The developed project would be named Big Spring Express Rail Terminal. Upon hearing the major points and considering the proposed agreement, the board unanimously agreed to approve the memorandum of understanding with EMS.
The approval comes shortly after the first of two locomotives for the Big Spring Rail System arrived last week. According to Wegman, the location of Transport Handling Specialists was a fortunate addition to the Big Spring and Howard County community.
â€śThis has truly opened a lot of doors for us and now is the time to take advantage of the transportation industry,â€ť Wegman said. â€śThe addition of the Big Spring Express Rail Terminal, should it come to fruition, will only further THS's operations.â€ť
He continued, â€śWe always talk about being the Crossroads and this could be the first step in taking advantage of that.â€ť
BSEDC Board Member Jim DePauw added, â€śBig Spring has a real opportunity to take advantage of being the Crossroads of West Texas and it is a great time to be in Big Spring.â€ť