GRAND CHUTE, WI - A costly project to allow Meijer to open up a new Wisconsin location in 2017 has just received some help from the town it is looking to enter.
The Post Crescent reports that the Town Board of Grand Chute has approved a $950,000 contribution to reimburse Meijer for the relocation of a natural gas pipeline, which will total in about $2 million.
According to the Town Board agenda, “(1)The Town agrees to contribute $950,000 toward the pipeline project, (2) The developer pays for the project in full (estimated total cost of $2.0 million); And, (3) The Town makes its contribution in interest-free installments over 5 to 6 years by paying to Meijer 70% of the annual property tax increment collected.”
The project is reportedly necessary in order to proceed with opening the 193,000-square-foot store. As for how the responsibilities will be split, “the developer” is listed as responsible for paying for:
- All engineering, architectural, and construction costs.
- The installation of building utilities.
- The difference if the property doesn’t generate a minimum of $270,000 in new tax base each year.
In addition to the $950,000 contribution, the town is also listed as responsible for helping Meijer with zoning and permit processes.
AndNowUKnow will continue to follow this and other moves Meijer makes as it continues to expand its retail footprint.
