The Kansas City Business Journal annually recognizes the top real estate and development projects in the area as part of the Capstone Awards program. For 2017, one of the 34 winners was the Waverly Road project in Logistics Park Kansas City (LPKC).
The $30 million Waverly Road project includes nearly three miles of new concrete roadway and a grade separation over the BNSF Railway Intermodal lead track in LPKC. The project was led by the city of Edgerton in partnership with KDOT, BNSF and NorthPoint Development.
The Business Journal cited a number of unique features of the roadway construction including a typical section to support truck traffic for nonstandard, heavy loads. This type of section is crucial to the movement of freight. The grade separation at the BNSF Intermodal lead track ensures Waverly Road traffic can operate without delays due to train traffic.
The project worked under an accelerated schedule to open access to direct rail-served property north of 183rd Street, allowing 3.4 million additional square feet of direct rail space. In conjunction with the project, BNSF Railway constructed an industrial lead track to serve the property north of its LPKC Intermodal Facility for rail-served warehouses.
Funding for Waverly Road was provided through a funding agreement with KDOT for as much as $30 million. As part of that agreement, Edgerton will repay 20 percent of the cost of construction by dedicating the city utility sales tax revenue generated by tenants of LPKC. Funding for the construction of the industrial lead track was proved by BNSF Railway. A panel of independent judges chose the 2017 Capstone winners from among a record 108 nominations.