comparemela.com

Latest Breaking News On - Galesburg business - Page 1 : comparemela.com

Solar boom reaches Galesburg Here s how 5,000 new panels will benefit area residents

Illinois announces $40M program for megasites What are they, and could they benefit Galesburg?

Around the Tri States: Developer eyes Galesburg Business Park; Fort Madison plans launch date for new marina; Macomb school district employees get raises

Galesburg Council authorizes grant submission for business park development; tables community center planning

Galesburg City Council on Monday, May 16th authorized submitting a grant application that if approved could land a $45 million investment in the Galesburg Business Park. The developer wants to construct a loop track and related infrastructure for an ag/rail-related endeavor. The city would operate as a pass-through entity for half of the project cost which if approved would come from U.S. Department of Transportation grants. Interim City Manager Wayne Carl said that if this project came to fruition it would also increase the chances of other businesses using the park. Carl says the developer wants to develop 80 acres with up to 130 acres. The entire business park is 330 acres. Aldermen also approved Gunther Construction as the contractor to resurface areas of the deteriorated asphalt surface and replace sidewalk curb ramps. $700,000 from the motor fuel tax fund paid for the cost. Interim City Manager Wayne Carl explained that $200,000 more than last year was budgeted for this work and

Council to consider authorizing $45M development grant; continue Community Center discussion

A potential developer is in the early stages of talks with the City of Galesburg for a portion of the Galesburg Business Park. Galesburg City Council will meet on Monday night and may authorize submitting a grant application for the park through the U.S. Department of Transportation. For the project to move forward, the City will need to apply for $22.5 million in federal grant funding with the total estimated cost of the project around $45 million. The funding is needed in order to construct a 15,000-foot loop track and related infrastructure. This agreement doesn't obligate the city to spend anything, but if the grant was approved they would need to enter into an agreement with the developer and the U.S. Department of Transportation. The project is related to agricultural and rail that council documents say will positively impact regional agricultural producers. It's expected that the USDOT will announce selected projects in August of 2022. If the project is chosen the work

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.