JERSEYVILLE ECONOMIC DEVELOPMENT COUNCIL UNVEILS NEW MULTIMILLION-DOLLAR RAIL-SERVED LOGISTICS PROJECT

- The Mid-American International Gateway Project Brings Transformative Economic Potential to Jerseyville and the Entire Region -

- The Early-Stage Initiative is Projected to Add a Meaningful Amount of New Jobs and Fresh Investment Capital to Local Communities -

JERSEYVILLE, ILL. (Mar. 2, 2018) — A multimillion-dollar economic development project, the Mid-American International Gateway (the “project” or “initiative”), was announced today at an unveiling ceremony in Jerseyville. The project is the result of a collaboration between Stonemont Financial Group (“Stonemont”), a leading private real estate investment firm headquartered in Atlanta, Georgia, and the Jerseyville Economic Development Council. The park will be served by the Kansas City Southern (“KCS”) rail network, which played a key role in forging the ongoing collaboration.

The nearly 1,400-acre rail-served logistics park site will be located east of the existing KCS rail line that passes through rural Jerseyville on its southeast side near Crystal Lake Road. Stonemont projects that construction could begin as early as this year, with deliveries possibly rolling through about 12 months later. The firm also estimates that investments in the project could ultimately total approximately $500 million.

“Stonemont sees transformational potential in this project and that is why we are committed to investing the appropriate amount of capital to help bring it to life,” stated Zack Markwell, Chief Executive Officer of Stonemont. “While the project is still in its due diligence phase, Stonemont believes the park can address critical logistics needs for a wide variety of rail users in the U.S. and Mexico, as well U.S.-based parts and components manufacturers that ship products down to Mexico for assembly.”