In March, the IDA acquired an approximately 2-acre portion of 420 Export Circle and will commence construction on a new parking lot in early 2016. This new lot, in combination with the recently completed parking lot at 89 Nelson Drive, will accommodate the parking needs of United Parcel Service (UPS) for its parcel tracking facility at 11008 Warwick Boulevard. The IDA has entered into an Agreement of Purchase and Sale with UPS, which provides for UPS to purchase the facility with the new parking lots upon completion of the new lots. The IDA is proud that UPS decided to do business in Newport News 20 years ago and that it has reaffirmed its commitment to doing business
in Newport News for years to come.