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City approves $90 million expansion and emergency reading for Nuuly industrial project
Summary
Raymore City Council approved an amendment to the Chapter 100 plan to add $90,000,000 in industrial revenue bond capacity for Nuuly’s Phase 2 expansion, moved to an emergency reading and passed unanimously. The expansion accelerates investment and adds projected jobs and equipment purchases.
Raymore — The City Council voted unanimously to approve an amendment to the city’s Chapter 100 industrial development plan that authorizes an additional $90,000,000 in industrial development revenue bond capacity for Urban SR LLC’s Nuuly Phase 2 expansion and carried the ordinance on an emergency second reading. The amendment supplements a 2023 plan and raises total allowable bond capacity for the project to $205,000,000. City staff and project counsel said Nuuly has accelerated its investment timeline and will expand into the remaining roughly 400,000 square feet at the Raymore Commerce Center, increasing its capacity and equipment purchases. City staff said the expanded capacity was originally projected for 2028 but Nuuly wants to begin equipment purchases before Sept. 1 to take advantage of current pricing and delivery windows. Miss Lee, a city staff…
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