Fargo commission OKs $2.2 million in tax incentives for proposed business park
FARGO - Construction on an $18 million business park near the Main Avenue Interstate 29 ramp will begin this spring, according to developer Paul Hyde.
FARGO – Construction on an $18 million business park near the Main Avenue Interstate 29 ramp will begin this spring, according to developer Paul Hyde.
Butler Business Park needed $2.2 million in tax reimbursements over 15 years, which helps fund cleanup of the industrial site.
City commissioners gave their OK on Monday night.
Hyde, chief manager of Butler Business Park LLC, said there are five structures to remove, contaminated soil to remove, and streets and sewers to upgrade.
His firm will then build two to four buildings totaling 180,000 square feet, which would feature space for manufacturing, warehouse, offices and showrooms.
He said he has two to six tenants waiting in the wings.
The land in the southeast corner of the intersection of Main and I-29 is the former site of Butler Machinery.