Agenda - Council - 04/24/2012 - Laserfiche WebLink

Home

Transportation Economic Development Program (TED): Page 4 Page 2 of 2 City of St. Cloud — $8 million An interchange is planned at Highway 15 and 33rd Street, Adjacent land is a high growth area where several businesses have expressed an interest in locating. The interchange will increase safety in St. Cloud by reducing traffic that must travel a five -mile circuitous route through one of the city's busiest intersections. Total project cost: $12 million. City of Stewartville — $400,000 A new road and utilities are planned within an existing business park, located at Highway 63 near. Interstate 90 and south of the Rochester International Airport. The city is negotiating with Federal Express and a refrigeration and distribution company to place facilities in the park. Total project cost: $1.6 million. City of Two Harbors — $1 million The city plans to close six accesses to Highway 61 and add an intersection to the east side of Highway 61 at Highway 26. Highway 26 will be extended to provide safer access to North Shore Manufacturing and other area businesses. North Shore Manufacturing plans to add 50 jobs in the next five years, Total project cost: $1.7 million. City of Worthington — $3.3 million The project, just south of Interstate 90, will extend a four -lane divided section of Highway 59 by another 1,200 feet to the north. Turning lanes and other small projects are also planned to improve access to a new 750-acre industrial/commercial park and a bioscience park. Bedford Technologies is planning to expand in the industrial park. The park is expected to create 440 jobs in the next five years. Total project cost: $4.7 million. City of Zumbrota -- $1.15 million The project will improve existing roads and upgrade and add utilities along Highway 68. The improvements will allow safer access to Highway 52 for VersaCold — a cold -storage business — and allow for future industrial development in the area. VersaCold is planning a 75,000-square-foot expansion that will add 25 jobs. Total project cost: $2.3 million. 1234 http ://www.positivelyminnesota. com/Governm ent/Financi al A s s i stance/B us i ne s s_D eve l o , . , 4/ 12/2 012