Kinkisharyo, the number one light rail manufacturer in North America, has announced it will construct their new permanent manufacturing facility in Palmdale.
Palmdale, a pro-business city, incentivized Kinkisharyo to open their permanent manufacturing facility in Palmdale by agreeing to sell them 60 acres of land on the corner of Sierra Highway and Avenue M for $1.3 million and to bring utilities and infrastructure to the property. The estimated completion date is May 2015.
“Having Kinkisharyo come here and build a permanent facility helps further solidify our position as the transportation epicenter of California,” said Palmdale Mayor Jim Ledford. “Where else do you have two high speed rails systems, two freeways, commuter rail, and an airport converge in one location, inside a Foreign Trade Zone and with a major railcar manufacturer smack dab in the middle? I believe this is just the beginning of a manufacturing renaissance here in the Antelope Valley.”
“With the Palmdale Power Plant and now Kinkisharyo at the Sierra Highway and Ave. M location, it kick starts one of the most valuable pieces of industrial real estate in Southern California,” Palmdale Mayor, Jim Ledford said. “As this area is developed with infrastructure, as well as easy access to rail and freeways, it opens up the reality of creating an inland port right here in the AV. This will bring even more jobs and economic stability to our region.”
Palmdale, a pro-business city, incentivized Kinkisharyo to open their permanent manufacturing facility in Palmdale by agreeing to sell them 60 acres of land on the corner of Sierra Highway and Avenue M for $1.3 million and to bring utilities and infrastructure to the property. The estimated completion date is May 2015.
“Having Kinkisharyo come here and build a permanent facility helps further solidify our position as the transportation epicenter of California,” said Palmdale Mayor Jim Ledford. “Where else do you have two high speed rails systems, two freeways, commuter rail, and an airport converge in one location, inside a Foreign Trade Zone and with a major railcar manufacturer smack dab in the middle? I believe this is just the beginning of a manufacturing renaissance here in the Antelope Valley.”
“With the Palmdale Power Plant and now Kinkisharyo at the Sierra Highway and Ave. M location, it kick starts one of the most valuable pieces of industrial real estate in Southern California,” Palmdale Mayor, Jim Ledford said. “As this area is developed with infrastructure, as well as easy access to rail and freeways, it opens up the reality of creating an inland port right here in the AV. This will bring even more jobs and economic stability to our region.”
Background Information Regarding Kinkisharyo’s move to Los Angeles County:
In 2012, The Los Angeles County Metropolitan Transportation Authority (Metro) Board of Directors approved a $299 million contract to purchase 78 new light rail vehicles (LRV) from Kinkisharyo. The contract further included four options to buy another 157 light rail vehicles for an additional $591 million for a total contract value of up to $890 million for 235 new rail cars. Part of the contract is that the federal and local tax revenue that will pay for the LRVs will help create jobs in California. In July 2013, the Metro Board of Directors approved two of the four options with Kinkisharyo for an additional 97 new LRVs at a cost of $400 million. This triggered a provision which required the supplier to establish a factory in LA County. Kinkisharyo moved their manufacturing plant to Palmdale in 2013 and has been leasing a hanger at Palmdale Air Force Plant 42. The new LRVs will be used by Metro for a number of projects, including the Expo Phase II to Santa Monica, the Foothill Extension, and the Crenshaw/LAX Line (see Overview Fact Sheet above).
We here at RTA work very hard to help people to understand what it means to invest in the direct path of growth. I can agree, when starting out it may be difficult to recognize, understand, or even identify growth. However, sometimes it’s crystal clear. Witnessing a world leader choosing to open their manufacturing plant for all of North America in Palmdale is a clear indication that growth is already happening in Palmdale. All that is left is to understand how to take advantage of it. Learn more by attending our next event or call our offices at (844) RTA-LAND (782-5263).
In 2012, The Los Angeles County Metropolitan Transportation Authority (Metro) Board of Directors approved a $299 million contract to purchase 78 new light rail vehicles (LRV) from Kinkisharyo. The contract further included four options to buy another 157 light rail vehicles for an additional $591 million for a total contract value of up to $890 million for 235 new rail cars. Part of the contract is that the federal and local tax revenue that will pay for the LRVs will help create jobs in California. In July 2013, the Metro Board of Directors approved two of the four options with Kinkisharyo for an additional 97 new LRVs at a cost of $400 million. This triggered a provision which required the supplier to establish a factory in LA County. Kinkisharyo moved their manufacturing plant to Palmdale in 2013 and has been leasing a hanger at Palmdale Air Force Plant 42. The new LRVs will be used by Metro for a number of projects, including the Expo Phase II to Santa Monica, the Foothill Extension, and the Crenshaw/LAX Line (see Overview Fact Sheet above).
We here at RTA work very hard to help people to understand what it means to invest in the direct path of growth. I can agree, when starting out it may be difficult to recognize, understand, or even identify growth. However, sometimes it’s crystal clear. Witnessing a world leader choosing to open their manufacturing plant for all of North America in Palmdale is a clear indication that growth is already happening in Palmdale. All that is left is to understand how to take advantage of it. Learn more by attending our next event or call our offices at (844) RTA-LAND (782-5263).
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