Peterson Construction and Property Services has proposed constructing a roughly 360,000 sq. ft. building in Alliance Park in Greenfield.
Larry Siegler, the company’s chief operating officer, has told the Hancock County Council his company is eying the county for its next “spec” building project, The Greenfield Daily Reporter says. The business is seeking a tax abatement that would save the company approximately $1.6 million over 10 years.
Skip Kuker, director of the Hancock Economic Development Council, said the building is estimated to cost about $13 million.
The newspaper reports that the council preliminarily approved the break at a recent meeting, but the development won’t move forward until after a public hearing at next month’s county council meeting on March 8.
The proposal comes as Greenfield city officials weigh whether to foot the bill for construction of a shell building in city limits. Potential sites have been identified, but the proposal is still being considered.
Siegler told county council members constructing spec buildings has proven successful in other communities, including Greenwood, Plainfield and Westfield. Peterson Construction and Property Services has built the facilities in other central Indiana communities.