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Miami County Votes for New Shell Building

Wednesday, January 13, 2016

Now all they have to do is make sure it fits the needs of prospective employers.

During a November meeting, Miami County Council members voted 5-2 for the new turnkey facility, which will encompass 58,000 square feet at the Grissom Aeroplex. The facility will also have the ability to expand to 240,000 square feet, depending on the needs of prospective businesses. The building will have 36-foot ceilings.

Besides the $2.85 million cost for the construction of the building, the council will also pay $95,000 for the first three years, and $203,000 for each year after that, until the building is leased or sold. The money will come from the city's CEDIT fund.

The last time the county constructed a shell building, it took six years before any businesses were able to locate there. But, according to Jim Tidd, the director of the Miami Economic Development Authority, the facility eventually brought two companies to the county who would not have otherwise come.

In an interview with the Peru Tribune, Tidd said the county has been losing business opportunities because it lacks any buildings usable for manufacturing, warehousing or distribution. This facility will help answer that need.

Jim Tidd, Executive Director
Miami County Economic Development Authority