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Leesburg industrial expansion put on hold; developer to petition Leesburg TIF to cover sewer, site work
Summary
Frank, a presenter on the Leesburg property project, told the Kosciusko County Redevelopment Commission that the planned 24,000-square-foot expansion on an 11-acre parcel in Leesburg is being put on hold because market costs and lack of Ready2 funding made the project financially unviable.
Frank, a presenter on the Leesburg property project, told the Kosciusko County Redevelopment Commission that the planned 24,000-square-foot expansion on an 11-acre parcel in Leesburg is being put on hold because current market conditions and the inability to secure additional Ready2 program funding would make the project too expensive for prospective tenants. "We're putting that project on hold," Frank said.
The developer described work already completed at the site — sewer grinder pump installations (referred to in the meeting as "e1" systems), stormwater controls, paving improvements, and some beautification — and requested…
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