“Proposed Site 2 is located on the southeastern corner of the new industrial park along Merkel Road. This location offers much greater expansion capability for any potential building and/or business, although it does not provide the same visibility as Site 1. However, our development partner and commercial broker have informed us that typically, visibility is not a big concern for industrial businesses when considering new locations.”
Saner revealed, “Per the approval of the EDC ... a more in-depth due diligence is now being performed, including additional survey and site planning work. This additional information will allow our development partners as well as our construction partner, Bruns-Gutzwiller (Batesville), to provide more accurate proposals for the cost of the proposed shell building property. The EDC will then be able to evaluate the estimated costs and financing options so a final recommendation/approval can be voted on to determine if a shell building should be constructed.
“We are working toward a final decision on the shell building by the end of February and believe we will have all necessary information to make that decision at that time.”
Diane Raver can be contacted at firstname.lastname@example.org or 812-934-4343, Ext. 114.