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Future Business Park <br /> UPDATE: 10/04/2016 <br /> earson Property <br /> also for sale !z ■�_ <br /> 38.9 acres <br /> .� <br /> MEW Hageman <br /> _ 1S.1SiT1CTJ�- • �� <br /> SchoolSite <br /> buildable <br /> - -gacy Christian Academy Site <br /> 10ark s� "• _ <br /> res <br /> man <br /> w, <br /> BACKGROUND, General <br /> The city is considering a roughly 93 acre business park located off Bunker Lake Boulevard and Puma <br /> Street. The business park is comprised of land owned by two private parties: Hageman Holdings (about <br /> 45 acres) and Pearson Properties (about 48 acres). The business park is projected to develop over the <br /> course of 16-20 years. For a number of reasons, development is anticipated to start in the east <br /> (Hageman) and push west (Pearson) over time. <br /> As originally planned,this business park was to be a public-private partnership with the two major <br /> property owners (Hageman Holdings and Pearson Properties). The private property owners would act <br /> as land holding companies. The city was to aid the property owners by participating in funding the cost <br /> of arterial infrastructure, aid in marketing efforts, and help close deals (via economic development <br /> incentives—if needed). <br /> Page 1 of 6 <br />