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Article: United States: Tower business park plan gets nod.
- Article from:
- TendersInfo
- Article date:
- September 3, 2009
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Byline: Mamta03
A plan to develop a large portion of the former Tower Automotive site at taxpayer expense received approval from a key city committee Monday, as the potential for hundreds of jobs outweighed the project's significant risks.
The Common Council's Zoning, Neighborhoods and Development Committee recommended the $34.6 million plan on a 4-1 vote. If approved by the full council Tuesday, the city Redevelopment Authority will buy 84 acres by December, and spend three years demolishing buildings, cleaning up pollution and building streets. Parcels will be sold to manufacturers and other businesses beginning in 2013.
The site is bordered ...