The first big industrial land deal has the Town of Buckeye feeling a bit more optimistic! Some of the executives from Minnesota based Cardinal IG were in town recently for the Waste Management Phoenix Open and began discussions which evolved into the acquisition of a 77 acre plot near downtown Buckeye. From a geographic perspective, Cardinal sought out a location in the west valley which offered more convenient access to California and other western states. The deal is expected to bring 100 new jobs to the area which has many people pretty happy.
“The deal for the 77 acres Cardinal is buying came together quickly. Company executives, while in town for the Waste Management Phoenix Open, started meeting with Buckeye officials to put the deal together. Financial terms of the land purchase were not disclosed, and it is not part of the overall manufacturing plant investment.
The city council approved the development agreement June 7, less than six months after the first conversations.
“This is the first industrial project in Buckeye in 20 years,” said Len Becker, the city’s economic development director. “We’ve been positioning this area with infrastructure and special development regulations in order to make it attractive for industry. This is the first company to locate here as a result.”
Chris Camacho, president and CEO of the Greater Phoenix Economic Council, said landing an advanced manufacturing facility such as this is a big deal.”
Cardinal IG’s new facility is expected to begin the training process in early 2017, no word yet as to when the facility itself is expected to be operational. Additionally, the City of Buckeye is retaining a portion of the land for future development and water utility functions.
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