By Robert Perea
Mark IV Capital is moving forward with the construction of a rail spur into the Victory Logistics District and the new fire station to be built on Stanley Drive, between Lowe’s and Sherwin Williams.
Rick Nelson, Senior Vice President of Mark IV Capital, said the company has aligned all the contracts, the permissions from Union Pacific and the approval of the company’s investment board to move forward with the rail spur, which will extend from the current Union Pacific Main Line to Gavin Road. Along with that, Nelson said the company will also begin paving Gavin Road in September. Currently a gravel road, Gavin Road runs eastward from near the current terminus of Nevada Pacific Parkway between two parcels Mark IV currently calls Parcel 22 and Parcel 19.
“That’s what we call Segment 1,” Nelson said. “We’re going to put that part in first and it will serve the future customers of that lot on 22. That lot is almost complete. With the rail on it and the completed lot, the customer can come in and begin their business.”
Nelson said Mark IV has a customer for Lot 22 that will be constructing its own building, but is not ready to announce the name of the company.
Construction of the fire station is a requirement of Mark IV’s development agreement with the city, which requires Mark IV to meet construction benchmarks within certain timelines in order to receive certificates of occupancy for other buildings within the Victory Logistics District.
“I’m bound by the signed development agreement that the city put me under to meet my requirements,” Nelson said. “Those are the plans right there,” he said, pointing to documents on a counter. “I’m executing the plans.”
Each of those projects will begin Sept. 1, Nelson said.
“So those are really big moves and lots of money with the city and permitting,” he said. “So, as we talk about advancing Victory, we continue to advance and meet our guidelines that lay these things out.”
While Mark Iv is ready to begin those projects, Nelson said the design of the extension of Nevada Pacific Parkway is still on track. He said the design is 30 percent complete, will be 60 percent complete in September and is expected to be 100 percent complete in the first quarter of 2026.
Nelson also said the project will be built without using the money from the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant the city was awarded in 2022.
“It's hard for people to understand. They think the grant provides us free money,” Nelson said. “It does not. It is a funding mechanism that has a lot of bureaucracy with it. And so, to utilize the grant actually costs the contract more money.”
He said those bureaucratic requirements outweigh the value of the grant.
“The bureaucracy to enable the grant to be obligated within the time period set by the Department of Transportation has a high probability of not being met,” he said. “So instead of hoping that all these entities are going to do that, we are going to go ahead and just do it on our own, that way the city of Fernley will have their completed road much sooner than under the grant.”
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