The site and structures represented excellent collateral for the financing required to create 33,000 square feet of new, modern manufacturing space, quickly and at reasonable cost. Renovating the existing building “footprints” minimized the permitting process, which would have been required for new construction, and made the entire redevelopment process much simpler and more cost-effective than would have been achievable with new construction.
How/why is this a success? Strong partnerships between private developer, local government and a variety of public and private partners.
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