Glycerin Plant Gets Six Month Extension To Purchase LandGRAND FORKS (WDAZ-TV) - The last piece of land in Grand Forks' Industrial Park will have some building action soon. The Jobs Development Authority gave BenchMark Energy Corporation a six month extension to finalize the deal Tuesday night.
GRAND FORKS (WDAZ-TV) - The last piece of land in Grand Forks' Industrial Park will have some building action soon. The Jobs Development Authority gave BenchMark Energy Corporation a six month extension to finalize the deal Tuesday night.
BenchMark Energy is buying eight acres of land for $350,000. JDA approved an extension of a $7,500 purchase option.
BenchMark Energy is expected to build on the land sometime next year.
BenchMark Energy plans to build to the west of PS Doors on 12th Avenue South. The plant refines glycerin and will create about a dozen jobs.
"And one of the things is coal. And it makes for cleaner burning coal, which is a good thing for North Dakota since we have a lot of coal in the state," Grand Forks Urban Development Director Greg Hoover said.
With the last eight acres ready to be purchased, the 130 acres of city-owned land is ready for growth.
"So when it comes spring, we're ready to have businesses come knocking at the door. And we'll be able to tell them this is how much it'll cost, this is where you can go and this is what your business will have to look like on the outside," Hoover said.
Once the current Industrial Park is full, the city will have better luck marketing land along the new 48th Street extension.
"A very good thing. Also shows the vision of the council in buying the land, about 125 acres, a couple years ago. We put 48th Street through so we can expand businesses on the new land," Hoover said.
The company needed a six month extension because of trouble with some paperwork.
PS Doors wants to expand its current building. BenchMark Energy has agreed to sell that company two acres of the land at its purchase price if BenchMark doesn't use it.