FedEx working on $150 million expansion in northern Ky.
BURLINGTON, Ky. (AP) – A package-delivery company is working on a $150 million expansion in northern Kentucky.
The Kentucky Enquirer reports that FedEx Ground Package System wants to secure industrial building revenue bonds to help offset project costs.
The Boone County Fiscal Court heard a first reading for the revenue bonds on July 19.
The FedEx expansion will add 62 new full-time jobs and 378 part-time jobs. The revenue bonds would help pay for construction, land purchase and filling the building.
The company has bought about 80 acres of land and will add 355,000 square feet of space to its existing distribution center.
