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DIG LAKE INDUSTRIAL PARK EAST <br /> Industrial Park East is unique in that it is jointly owned and developed by Big Lake <br /> City and Big Lake Township. It is believed that this is the first such cooperative <br /> venture and may be the only joint Township and City Industrial Development <br /> Project in the State of Minnesota at this time. <br /> FACTS <br /> > Size: 72 acres less roadway for U.S. Hwy 10 <br /> • Developable Land: 50.20 acres <br /> > Cost to Develop: Approximately $800,000 <br /> > Number of lots: 13 <br /> > Number of Jobs in the Park at full development: 300 F 1'h (Full-Time-Equivalents) <br /> ➢ Expected Private Sector Investment at full development: $11 to $13 million <br /> • <br /> GOALS ESTABLISHED AT THE ONSET OF THE PARK <br /> > Jobs per acre: 5 <br /> > Land to Building Ratio: 4:1 sq. ft. <br /> > Developed Land Assessed Value: $250,000/acre <br /> > Open Storage: No <br /> > Years to Pay Back Incentives: 5 to 6 <br /> > Percent of Building Coverage on Lots: 50% <br /> > Transportation Projects: No <br /> > Return on Investment: Approximately 17% <br /> • <br />