Michigan City Builder Purchases 'Shovel Ready' Property., Can become a "premium" manufacturing or logistics site. |
Michigan City Builder Purchases 'Shovel Ready' Property., Can become a "premium" manufacturing or logistics site. |
Jan 31 2013, 07:47 PM
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Advanced Member Group: Members Posts: 361 Joined: 11-November 09 Member No.: 968 |
http://www.insideindianabusiness.com/newsitem.asp?ID=57739
Michigan City-based Tonn and Blank Construction has bought a tract of land it believes can become a "premium" manufacturing or logistics site. The company partnered with the city and the economic development corporation to purchase what it calls "shovel-ready" property near the airport. MICHIGAN CITY, Ind. - Approximately 100 acres of land in Northwestern La Porte County is now available for continued economic development. Michigan City-based company Tonn and Blank Construction purchased the acreage, located just south of the Michigan City Municipal Airport, in late December 2012. Economic Development Corporation Michigan City, Indiana - along with the City of Michigan City - coordinated the sale. The land, now an agriculture site, was previously owned by private individuals as a family compound. The acreage runs along U.S. 212 nestled close to U.S. highways 35 and 20 as well as Interstate 94. Due to its proximity to regional roadways, the land is most suited for manufacturing buyers including large distribution/warehouse/logistics businesses. Air transportation is conveniently located across the street with access to the South Shore, or NICTD, railroad. Tonn and Blank Construction President and CEO, Jon Gilmore, described the property as "shovel-ready." "It's all about the location," Gilmore said. "There really is no other premium land for sale for manufacturing, logistical-type businesses in the Michigan City area right now." There are additional sites available for retail, commercial, hotel/motel and office space. Potential uses also include residential such as assisted living development. All ideas are currently in the concept phase with developers Tonn and Blank and the Economic Development Corporation Michigan City, Indiana (EDCMC) working together. EDCMC Executive Director Kevin Kieft said, "This land purchase is big news for Michigan City as it opens up the area for future development, and it has taken quite a while to get to this point. I'd like to personally thank all the hard-working people involved that helped make this happen." This land purchase is a direct result of a special task force committee created by the EDCMC several years ago to target potential sites in the area available for further improvement. "In the past, we might have had to turn prospective companies away from growth and expansion because we just weren't ready with available land," Kieft said. "But now, we can use this acreage to market our city as a place for employers to turn their dreams into realities." Michigan City Mayor Ron Meer said, "As the Mayor, I believe it is paramount that our goal is to make Michigan City, and in this particular case, this property, attractive and 'user ready' for potential investors and developers. The city engaged in a friendly annexation of this property and then supplied the area with water and sewer infrastructure. With its ideal location and proximity to rail spur, I-94 and I-90, I believe this property provides an excellent opportunity for a logistics style business or investor to utilize and develop. Ultimately, everything we have done here is the foundation on which economic and job growth can be built." The land is already cleared of woodlands with infrastructure for water and sewer already in place. In addition, next steps for development include construction of an entrance roadway to ensure safe traffic flow along U.S. 20. "Selling customers this land to build their facilities brings jobs to the county, the tax structure of La Porte County is attractive to businesses and with the location of this property - it's ideal," Gilmore said. Kieft added, "There's nothing that is going to hold interested businesses back. We couldn't be happier that a quality development team has purchased it." For more information on additional industrial sites and buildings available for development in the Michigan City area, visit www.edcmc.com. Economic Development Corporation Michigan City, Indiana is committed to growing and attracting new industry and business to the community as well as strengthening existing business. The EDCMC services, programs and one-on-one assistance clearly provides the optimum business environment - a place where commerce and industry can prosper and grow. The EDCMC merges the right mix of resources, including: city government officials, utility engineers and the expertise of business leaders. Exclusive incentive packages and unique natural resources make Michigan City the place to build or expand. For more information, call (219) 873-1211 or visit www.edcmc.com. Source: The Economic Development Corporation Michigan City, Indiana |
Jan 31 2013, 08:47 PM
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
So apparently the Truck Stop is dead.
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Jan 31 2013, 10:33 PM
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Advanced Member Group: Members Posts: 361 Joined: 11-November 09 Member No.: 968 |
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Feb 4 2013, 02:29 PM
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Really Comfortable Group: Members Posts: 1,099 Joined: 11-January 07 Member No.: 19 |
Nothing in there about what the city paid per acre and nothing in there about the city water which is currently being run out there.
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Feb 5 2013, 05:51 AM
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Advanced Member Group: Members Posts: 361 Joined: 11-November 09 Member No.: 968 |
Nothing in there about what the city paid per acre and nothing in there about the city water which is currently being run out there. I believe the city did not buy the property but T&B was the purchaser. Also, the article indicates water and sewer are already in place. |
Feb 5 2013, 06:43 AM
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
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Feb 5 2013, 07:47 AM
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Advanced Member Group: Members Posts: 188 Joined: 10-April 08 Member No.: 783 |
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