by Roy H. Otto, Greeley City Manager
Hopes are high that there will be new commercial construction projects before the end of the year. New commercial and industrial development will help to boost local business, the City's sales and property tax revenues, and hopefully end a development drought that began over 2 years ago.
A couple of new commercial projects have been submitted recently for the plan review process. These new submittals along with previously approved projects are awaiting developer requests for the issuance of full building permits. For example, Leprino has pulled grading permits for earthwork on their construction site but have yet to request their full building permit. That situation is much like the new King Sooper's Marketplace store whose plans are approved, a grading permit has been issued but a full building permit requiring the full payment of development fees has yet to be pulled. Projects in the pipeline such as the National Board of Chiropractic Examiners and Sprouts Farmers Market grocery store are still under review and are expected to request their full permits before the end of this year.
We anticipate two additional commercial prospects, including a Discount Tire and a Kum & Go convenience store located at St. Michaels. These two retailers have been exploring development plans which could result in new commercial construction before the year ends.
As these projects begin to move forward, the development fees and sales tax generated, as well as the jobs created and income produced will certainly be a help to the business community and City budget. And although we have very little control over the economy and its influence on the decision these companies will make, we can encourage everyone to shop locally to support local businesses, preserve local jobs, and maintain City services.
No comments:
Post a Comment