Sioux City officials worry about a lack of industrial space
SIOUX CITY, Iowa (KTIV) -
Sioux City's suffering a shortage of industrial space. That's the word from local economic development officials.
They say business owners are telling them that they're not finding a lot of options in Sioux City.
So, the city is looking to get back into the spec building game, by resurrecting a program from the mid 90's.
Buildings that are ready to customize or move-in to can save a business time, and officials hope the program will lure more companies to town.
"We're out of space in Sioux City, as far as industrial space and warehouse space. There just aren't any buildings. We think we're starting to miss out on opportunities for job growth in Sioux City because of lack of industrial space in particular," said Economic Development Director Marty Dougherty.
In a month, the city will put out a request for proposals from private developers who would foot the cost of construction.
As an incentive, the city would agree to cover the interest and provide land for the program.
Dougherty says the number of spec buildings will depending on the level of interest, how quickly they sell and private development.