In his state of the city speech, Mayor Andy Cook said he has "wild ideas" for a center that could house government offices, a library or a health center. He also says residents may need to pay $10 to $20 per month more in taxes to fund public safety.
The economic development agreement between the city and the Swedish home furnishing company requires the city to cover the costs for road, park, bridge, permitting, development and sewer impact fees. The total savings for Ikea is estimated to be $1.66 million.
Dura Products will construct a 15,000-square-foot building and furnish it with new logistical, IT and manufacturing equipment. The capital investment is expected to be $1.8 million and new equipment is expected to cost $1.15 million.