Laserfiche WebLink
DRAFT DOCUMENT, INTENDED FOR CONCEPTUAL CONVERSATIONS ONLY, CHANGES WILL OCCUR <br />Future Business Park <br />UPDATE: 04/29/2016 <br />UPDATE <br />Pearson Properties is no longer able to commit to the new business park land use. The highest priority for Person <br />Properties is to close a transaction on a substantial portion of their land in the next 12 months. Pearson <br />Properties has a preference to pursue residential land uses on their property, as the market demand for residential <br />is currently stronger that industrial (i.e. business park). <br />Because Pearson Properties no longer supports the proposed zoning change (in its entirety), it would be <br />challenging for the City to implement. The update from Pearson Properties reduces the size of the City's future <br />business park by roughly 50%. <br />It should be noted, the Person Properties parcel was particularly attractive from a business park perspective due to <br />its setback from the adjacent BNSF rail (i.e. a substantial portion of that property is sufficiently setback). Pearson <br />Properties has indicated they are okay with someone else purchasing their property for the purpose of <br />implementing the City's vision of a business park, so long as a transaction can close within the next 12 months. <br />