FedEx Files Proposal for $212M World Hub

The company has filed a building permit for its new package sorting facility and world hub in Tennessee.

Tennessee Gov. Bill Haslam, left, talks about a newly $1 billion investment by FedEx Corp. at its hub in Memphis, March 14, 2018.
Tennessee Gov. Bill Haslam, left, talks about a newly $1 billion investment by FedEx Corp. at its hub in Memphis, March 14, 2018.
AP Photo/Adrian Sainz

MEMPHIS, Tenn. (AP) β€” 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.

More in Consumer