Fernley, NV and Mark IV Capital Secure $25 Million US DOT RAISE Grant For Victory Logistics District

Written By Karl Kalbacher

On August 10, 2022, the US DOT announced that $25,000,000 in funding from the Bipartisan Infrastructure Law was awarded to the city of Fernley to support the Victory Logistics District, which will complete the Nevada Pacific Parkway connection from I-80 to Highway 50. The project will create construction jobs providing critical transportation infrastructure that supports the buildout of the Victory Logistics District, and it is expected to bring thousands of additional jobs to the region over the coming years.

Mark IV Capital is developing the Victory Logistics District, a best-in-class 4,300 acre rail-served industrial district in the City of Fernley.   Victory is the only master-planned industrial center capable of meeting the growing need for distribution, manufacturing, logistics and data center development in the region. In addition to solving traffic congestion and safety concerns through the completion of Nevada Pacific Parkway, this grant will also help expand industrial rail access to manufacturing and distribution tenants within Victory which will provide them with more sustainable and reliable logistics solutions to ship products throughout the country.

Kalbacher Associates was pleased to serve as the grant writer for this project as well as completing the Benefit Cost Analysis.

Karl Kalbacher

Karl Kalbacher is President of Kalbacher Associates (KA) and directly manages the highly successful Grant Practice Group. Karl’s grant experience is significant, having successfully secured funding from USDOT, DOJ, DOI, DOC, DOE, DOD, DOL, HUD, DHS, USDA, and EPA.

Since 2015, KA has secured over $1.160 billion in federal grants and below-market fixed-rate loans for clients in the areas of infrastructure, economic development, energy, hazard mitigation, housing, environmental protection, and transportation.

Karl is a leading expert in areas of environmental regulatory compliance and economic development policy and practice. A nationally recognized Brownfields redevelopment expert, Karl is a Professional Geologist who has developed and managed environmental cooperative agreements and finance programs at both the state and local levels. Karl has extensive experience managing economic development programs and energy conservation sustainability projects and has a proven record of securing state and federal grants.

https://kalbacherassociates.com/
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