Business Park
Location: The Business Park lies off of South First Ave East, approximately one block south of STH 13 and across the street from the Bayfield County Highway Garage. The location is not visible from the highway.
Size: 2.82 acres available – Subdivision of the property is a possibility.
Taxes: The City’s 2015 Tax Rate is $21.28 per $1,000 of assessed value
Financial Incentives: The City is willing to discuss selling the land at a very reasonable price depending upon the taxable value of the new business as well as how many people could be employed by the business. The property is located within a Tax Increment Finance District which could be used as a tool to assists with costs related to utility extensions and road improvements if necessary. Direct cash assistance may be a possibility depending on the taxable value of the project and the remaining life of the Tax Increment District.
New businesses may also be able to apply for Business Revolving Loans, depending on fund availability, to assist with buildings, equipment and machinery, and working capital. For more information, download these documents:
Size: 2.82 acres available – Subdivision of the property is a possibility.
Taxes: The City’s 2015 Tax Rate is $21.28 per $1,000 of assessed value
Financial Incentives: The City is willing to discuss selling the land at a very reasonable price depending upon the taxable value of the new business as well as how many people could be employed by the business. The property is located within a Tax Increment Finance District which could be used as a tool to assists with costs related to utility extensions and road improvements if necessary. Direct cash assistance may be a possibility depending on the taxable value of the project and the remaining life of the Tax Increment District.
New businesses may also be able to apply for Business Revolving Loans, depending on fund availability, to assist with buildings, equipment and machinery, and working capital. For more information, download these documents:
| revolving_loan_manual_12.19.12.pdf |
| Revolving Loan Fund Application (PDF) 96kb |
Expectations: Looking for a taxable and attractive business that will both spark economic growth in the City of Washburn by creating jobs for local citizens.
Surrounding Areas: The business park is one block south of STH 13, near downtown Washburn. To the north, the Washburn Iron Works which is convenient for those businesses that may be able to establish a business relationship with the foundry. City athletic fields and ice rinks are to the east of the property. To the south and southwest of this lake-view property are residences and the City’s Marina. To the west is the Bayfield County Highway Garage.
Process: The property is zoned in an M2 (General Industrial) section of the City of Washburn (attach the City ordinance). Site plan approval is needed by the Council. The City Council also controls the decision on selling the property, although the Plan Commission will need to give its consent for the project as well.
Surrounding Areas: The business park is one block south of STH 13, near downtown Washburn. To the north, the Washburn Iron Works which is convenient for those businesses that may be able to establish a business relationship with the foundry. City athletic fields and ice rinks are to the east of the property. To the south and southwest of this lake-view property are residences and the City’s Marina. To the west is the Bayfield County Highway Garage.
Process: The property is zoned in an M2 (General Industrial) section of the City of Washburn (attach the City ordinance). Site plan approval is needed by the Council. The City Council also controls the decision on selling the property, although the Plan Commission will need to give its consent for the project as well.
For more information about the process of purchasing this land please contact City Administrator at (715) 373-6160 Ext. 4 or by e-mail at: washburnadmin@cityofwashburn.org
| business_park_survey.pdf |
