Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Madison highlights housing subdivisions, LAIC grant and new businesses near Dakota State University
Summary
Officials said Cyber Estates and Trojan Village are adding lots and homes, the LEIC holds 67 acres with about 50 buildable, and the LAIC received a $3.6 million economic-development association grant that helped build South Washington Avenue; several new businesses opened or expanded.
City officials reported progress on housing and economic growth projects, saying several residential subdivisions are under development, a local industrial authority won a large grant and new businesses are opening across town.
The official said Cyber Estates in the northeast has developed roughly half of about 80 lots, while Trojan Village north of Dakota State University has 32 lots and is in early development with a few homes under construction. They also said the LEIC purchased 67 acres across Highway 81 and north of Highway 34, of which about 50 acres are buildable and will be marketed for housing and industry.
On economic development, the official said the LAIC received "the largest economic development association grant in South Dakota history" at $3,600,000, though the final awarded amount will be lower because of better-than-expected pricing; federal grant proceeds covered about 80% of construction with the remaining engineering and local share split among LAIC, the city and the county. That grant work contributed to South Washington Avenue improvements.
The official listed private and small-business growth, naming contractor suites near Runnings (including Mills Construction and Bandero Archery), DiamondBrite Auto Detailing, Go Go Burritos (in the former Taco John's), a Dollar General Market on the west side, Revitalized Wellness and Spa and Los Tapatios's new downtown Mexican store. They also described Dakota State University's Beacom Center Premier Complex, which includes a football stadium and an eSports arena and has room for future athletic development.
The official said the LEIC plans an Early Learning Center (see separate article) and will seek a developer when appropriate for buildable acreage.
