Archive for Thursday, December 6, 2007

Eudora lacking ready-to-develop commercial space

December 6, 2007

For the better part of this year, the Eudora City Council has had a proposal before it that would create a tax increment financing district in the northeastern section of the city. The justification for the TIF district is that it would provide commercial development that would widened the tax base of a city heavily dependent on residential development and start infrastructure in a direction the city would like to expand.

And while the TIF district may eventually realize those goals, there is another piece in the city's economic development picture and that is available office complex or light industrial space.

We recently heard an economic development professional state the biggest demand he heard from businesses looking to relocate is for sizeable acreage with infrastructure already on site. It was, he said, in short demand in the nine-county metropolitan area that is his focus.

Certainly, two buildings in Eudora's Intech Park were snapped up when they were recently vacated. Additionally, De Soto last month landed a bioscience firm that will bring 40 jobs to that city paying from $40,000 to $45,000 a year in large part because of the availability of a recently completed building in an office park.

There is still space in Intech that has been vacant far too long. The council should give some thought to how it could incent further development there while looking for other locations that could be attractive to business park development.

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