A groundbreaking ceremony was held Wednesday at the future site of a Hi-Tech Business Park in north Sheridan. The City of Sheridan and Rice and Sons LLC agreed on a land swap that resulted in the City acquiring 38.5 acres to be used for the business park. The State Loan and Investment Board approved a $2.5 million grant to the City to extend infrastructure to the area. Artist Neltje explains that the land swap with the City was all about the development of north Sheridan.
Forward Sheridan was instrumental in negotiating the swap between the City and Rice and Sons. Forward Sheridan Director Jay Stender says that work continues on recruiting businesses to Sheridan that would make use of the business park.
The City Council awarded the bid for the infrastructure project to Hot Iron Inc. at their August 2nd meeting. The bid award was for $1.5 million, which was $367,000 below the engineer's estimate.