The Victoria County Navigation District and Zinc Resources, LLC unanimously approved an agreement for a 25-acre lease on the new rail loop at the Port 's Victoria North Industrial Site.
Dallas, Texas — TNW Corporation (TNW), a privately held owner and operator of short line railroads and transportation logistics companies, has been selected by the Victoria County Navigation District (VCND) in Victoria, Texas to provide the Port of Victoria’s rail operations and co-develop a planned 3,000 acre multi-modal logistics facility.
The U.S. Federal Tax Cut and Jobs Act resulted in the creation of Opportunity Zones in 2017. Investments made in the development of property in certified zones may be eligible for preferential tax treatment under certain conditions. Seven census tracts are designated as Qualified Opportunity Zones (QOZ) in Victoria County, Texas. These certified tracts include:
The tracts are displayed in blue on the following map and include the downtown Victoria area, property along U.S. Hwy. 59 (I-69) and U.S. Business 59, as well as acreage in northern Victoria along N. Navarro street. The U.S. Department of the Treasury Community Development Financial Institution Funds webpage provides an interactive map to use when exploring Opportunity Zones. Also see frequently asked questions on the U.S. Internal Revenue Service website.
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101 W. Goodwin Ave., Suite 322
Victoria, Texas 77901
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TF: 1.800.765.8198 P: 361.485.3190 F: 361.485.3195 |
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