Hays explores new commercial projects and site options for multifamily development

During the Garden City FCEDC Board Meeting on October 23, 2024, key discussions centered around economic development efforts and ongoing projects in the region. The meeting highlighted the challenges and opportunities facing Garden City as it seeks to attract new businesses and enhance its infrastructure.

One significant topic was the response to a Request for Proposal (RFP) from the Department of Commerce, which sought a large building with substantial electric demand. The proposal, however, was deemed unsuitable due to the extensive space requirements, which ranged from 500,000 to 1,000,000 square feet, and the high electric demand that exceeded local capacity. This illustrates the ongoing struggle for Garden City to meet the needs of large-scale commercial prospects.

In addition to this, the board discussed ongoing negotiations with an out-of-state prospect interested in establishing a branch maintenance facility in the Western Kansas corridor. While details were limited, the prospect has reportedly secured land in the area, indicating potential growth in regional commercial development.

The meeting also addressed the financial feasibility of Tax Increment Financing (TIF) and Community Improvement Districts (CID) for a commercial project, with updates expected at the upcoming city commission meeting. This reflects the city’s proactive approach to fostering economic growth through strategic financial planning.

On the residential front, discussions included an out-of-state multifamily developer who visited Garden City to explore potential sites for development. The developer has shown interest in at least one parcel, suggesting a positive outlook for residential expansion in the community. Additionally, consultants have been conducting preliminary work on new market tax credit project opportunities, which could further stimulate local development.

The board also touched on the need for a new site for a local church, with options provided to representatives, showcasing the city’s commitment to supporting community institutions.

Overall, the meeting underscored Garden City’s ongoing efforts to attract diverse development while navigating the complexities of infrastructure and market demands. As the city continues to engage with potential developers and explore new opportunities, the outcomes of these discussions will be crucial for the region's economic future. The board anticipates further updates and developments in the coming weeks, particularly regarding the TIF and CID proposals and the multifamily housing project.