UPDATE: CF Industries helps city and county settle differences - KTIV News 4 Sioux City IA: News, Weather and Sports

UPDATE: CF Industries helps city and county settle differences

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SIOUX CITY, Iowa (KTIV) -

A major player in local industry puts Sioux City and Woodbury County leaders back on the same page, paving the road for a new mega site to be created.

Leaders announced Tuesday that they are moving forward in support of the Liberty Industrial Park and a second interchange near the Southbridge Industrial Park.

Talks have broken down several times in the past, but they say the third memorandum should stick.

CF Industries is credited with brokering the deal over the weekend.  Officials site the company's desire to spur community-wide economic development with their own billion dollar expansion at Port Neal .

The city and county are keen on marketing the two industrial parks together as a mega site.  Only a few exist in the state and the two groups would have to get approval from the state's Economic Development Department.

"This is something that's never, it really has never has existed in this area.  That's why it's so monumentous,"said Woodbury County's Rural Economic Development Director Rob Marqusee.

Sioux City has long wanted the county's financial participation to study the feasibility of a second interchange near their Southbridge Industrial Park.

The expansion of CF Industries at Port Neal creates enough new tax revenue for the county to be able to afford their 45% share of that $800,000 study.

The CF project will also make more truck traffic and that's why, the idea of a second interchange is now more attractive to Woodbury County leaders.

One key issue is annexation.

"The stumbling block in the past has been who would have the ability to annex in the future and this agreement clearly allows the industries to decide where and when, if they want to be annexed and where it will be, not driven by the county or the city necessarily," said Mayor Bob Scott.  

The agreement also recognizes Sioux City's long range plan to grow and expand southward toward Port Neal.

City and county leaders are looking to approve the agreement at their next meetings.

The county still has to convince landowners to participate in an urban revitalization area to entice industries to the Liberty Industrial Park.

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