Elwood is the home of Elwood International Port. The redevelopment of this property (formerly of the Joliet Arsenal), brought together virtually all levels of government, more than a dozen public agencies and private industry to benefit the community under a common plan. One of the largest private developments ever undertaken in the United States, it encompasses 2,200 acres with a total investment approaching $1 billion.
Upon build out, the project is expected to create 8,000 new jobs and eventually increase property tax revenue by as much as $27 million per year. This state-of-the-art intermodal and industrial business park features a 770-acre intermodal yard, BNSF Logistics Park Chicago, and has the capacity for up to 12 million square feet of industrial and distribution facilities.