Developer plans to start work on $20 million business park in Fargo next month
FARGO (KFGO-AM) - Minneapolis developer Paul Hyde says it's "full speed ahead" on the major redevelopment of an old industrial site in Fargo. Hyde says his company expects to start work the first week of July on the 15 acres, the former site of Butler Machinery. The property is located at the southeast corner of I-29 and Main Avenue. Hyde's been in Fargo wrapping up final details.
The project was delayed until plans could be worked out to control run-off. That problem has been solved.
The $20-million dollar project includes a 65,000 square foot office-warehouse building this year and next year a 125-thousand square foot warehouse will be built.
Hyde Development has received a $2.2 million "tif" tax break from the city for the project.