Truck Centers Inc., Troy, IL, is expanding its Troy facilities and will build a new dealership in Foristell, MO.
Road construction in Troy, IL, will allow a $20 million expansion which should be finished in May. The expansion will include the construction of a 57,000-square-foot service area with 60 truck bays, a 24,000-square-foot training area, a 30,000-square-foot parts warehouse, and a 5-acre lake. Customers who bring their trucks for repair can fish in the fully stocked lake while they wait. The existing building will be converted to handle body show, fire engine and school bus repairs and business.
With an estimated 14,000 trucks passing through Troy on Interstate 55/70 each day, this is a key spot to serve truck repair needs, according to company chairman John Hopkins IV.
Truck Centers will build a new heavy truck dealership to sell new and used trucks in Foristell, which has passed a bill providing an eight-year tax abatement schedule to help defray the cost of a new water line for the center. The city will not collect any sales tax from Truck Centers for the next three years, and the company will pay only 50% of the sales taxes it would owe for the following five years.
Truck Centers is building a new heavy truck dealership on about 80 acres on the north outer road of Interstate 70 on the east side of the city. The company is also building a SelecTrucks used truck dealership on the same site in partnership with Freightliner. The SelectTrucks part of the development should be ready by the end of the month, while the new-truck dealership will be opened later this year.
The development will cost more than $20 million when completed, making it the largest commercial enterprise undertaken in Foristell, according to the St. Louis Post-Dispatch.
Truck Centers Inc. owns eight repair and retail centers in Illinois, Missouri and Kentucky.