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CETA says it bought 35 acres for High‑tech Business Park Phase 2, aims to bid infrastructure in 2026
Summary
CETA reported purchasing 35 acres north of the existing park for $2.5 million, receiving about 10.33 gifted acres, retaining Dowell Engineering for design, and aiming to bid infrastructure work in 2026 while discussing housing and roadway needs with the city.
A representative of CETA, the joint powers board formed between the city and Sheridan College, briefed the council on a land purchase and plans for a second phase of the High‑tech Business Park.
The speaker said CETA purchased 35 acres for $2,500,000 and received an additional roughly 10.33 acres as a gift tied to a Wyoming Business Council grant application. The organization has retained Dowell Engineering to design infrastructure for the north end of town and is targeting a 2026 bid for that work. The speaker said that the project envisions about six lots comparable to Phase 1 plus a smaller lot intended for smaller developers.
On budget and capacity, the presenter said CETA is working toward self-sufficiency and reported an asset figure of about $25,000,000; CETA’s fiscal‑year 2026 budget rolls remaining Phase 2 capital into the coming year and showed modest revenue growth (an increase in interest and rent revenue described as on the order of $31,000). The presenter also flagged ongoing challenges such as rising construction costs, workforce shortages and housing availability in Sheridan.
During Q&A, council members asked whether CETA could provide land or other support for workforce or student housing near the park; the presenter said the board will discuss those ideas and coordinate with housing partners and the Wyoming Business Council. Council members also asked whether Yellowtail Drive and internal park roadways will accommodate larger truck traffic; the presenter said CETA is discussing roadway geometry and right-of-way with city planning staff and property owners and intends to present detailed designs to the council in future staff reviews.
No council vote was taken at this update; next steps described were further board discussion and bringing engineered plans to city staff for review.
