Port of Philadelphia’s acquisition of the Mustin Yard will include the use of an intermodal transfer facility for cargo-to-rail operations.
The Port of Philadelphia has acquired the long-coveted 152-acre Mustin Yard in a $90 million deal, write Ryan Mulligan and Paul Schwedelson for the Philadelphia Business Journal.
The property, owned since 2008 by Georgia-based Norfolk Southern, is located just south of I-95 and east of the Navy Yard. The purchase marks an important step in PhilaPort’s 15-year strategic plan, released last year, outlining a planned $2 billion investment in land acquisition and capital projects…