A major Alaska beverage distributor is planning a $40 million investment in Anchorage.
Washington-based Odom Corp. announced Tuesday it will build a 240,000-square-foot warehouse and distribution center.
Anchorage television station KTUU reports Odom Corp. executive Bill Odom and Anchorage Mayor Ethan Berkowitz announced the project.
The city will reimburse Odom up to $500,000 for road work associated with the project.
The facility is planned south of International Airport Road and west of Minnesota Drive.
Groundbreaking could occur this fall.
The facility will consolidate work handled at three Anchorage sites.
Odom employs about 400 people and sells about 8 million cases of beverages annually in Alaska.
About 215,000 square feet of warehouse space, 17,000 square feet of office space and 8,400 square feet for coolers is planned.
