By ROD ZOOK
Hutch Post
HUTCHINSON, Kan. — A group of investors is betting that, if a new building is built, it will draw a business or industry to the area. A local group of investors wants to put a new building in the industrial park located just south of Siemens Gamesa.
Salt City Investments LLC is proposing to issue $4 million in industrial revenue bonds (IRBs) for the project. The building would be a 57,000-square-foot facility that would allow a new business or industry to build in a very short period of time. The building would be expandable and will be served by the rail spur already in place. The matter will go before the city council for a public hearing and possible action on a resolution supporting the IRBs for the project.
The need for available buildings has always been an issue in Hutchinson, although the city has been able to fill the old Eaton facility and the building now occupied by Superior Boiler following an expansion.
The local investors are confident the building will attract a business or industry and that similar projects could come in the future. The public hearing is a part of Tuesday’s Hutchinson City Council meeting starting at 9 a.m.at the Hutchinson city offices.
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