FedEx files $212M building permit for world hub in Tennessee

Business

MEMPHIS, Tenn. (AP) — FedEx officials confirm the company has filed a building permit for its new package sorting facility and world hub in Tennessee.

The Memphis Commercial Appeal reports the $212 million permit filed Tuesday indicates the company could soon begin work on the Express World Hub at the Memphis International Airport, a major piece of an expansion project announced in 2018. The permit calls for a four-level building with offices, maintenance shops and a cafeteria.

FedEx officials announced in August the company would be investing an additional $450 million into the modernization project, for an expected total investment of more than $1 billion.

The newspaper reports Gov. Bill Lee signed a bill this year giving FedEx more than $20 million in tax breaks for the hub. It’s scheduled for completion in 2025.

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Information from: The Commercial Appeal, http://www.commercialappeal.com

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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