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Detroit Lakes authorizes application for $1.2M state BDPI grant for Tower Road industrial park
Summary
The council authorized staff to apply for a $1.2 million state BDPI grant to support a $3.8 million Tower Road Industrial Park project and noted a potential $2.3 million federal funding request if needed.
The Detroit Lakes City Council authorized staff to apply for a state BDPI grant of roughly $1.2 million to support the Tower Road Industrial Park, a project with an estimated total cost of $3.8 million.
City staff explained the request during committee reports, noting additional federal funding of about $2.3 million could be pursued later if an initial federal application is successful; if federal funds are not awarded, council will need to consider bonding or other local options to cover the balance.
"The total project cost is $3.8 million. The BDPI grant request is about $1.2 million," city staff said, urging council members to support applying for the state grant. The motion to authorize the application carried on voice vote.
Councilors were told industrial park costs are rising and applying for state and federal support is prudent to advance local economic development; committee members recommended authorizing the application.
