COUNCIL BLUFFS, Iowa (AP) – A cold-storage warehouse that would create at least 50 new jobs has been proposed along Veterans Memorial Highway in Council Bluffs, just across the river from Omaha, Nebraska. The Council Bluffs Daily Nonpareil reports that the company, XTL Inc., has an option to purchase and develop real estate at the location.

Mike Dellinger, executive director of Advance Southwest Iowa Corporation, says the project would involve a 155,000-square-foot, cold-storage facility on 51 acres offering warehousing and logistical support to major food processors in the region.

Its construction value is estimated at $27 million, and the automated facility would include $27 million in equipment, shelving and furnishings. About 50 jobs with an annual payroll of about $2.5 million would initially be needed to operate the facility.