Source: Independent Newsmedia
Glendale annexed its largest property in two and a half years, adding a 234-acre property that is planned to bring 4MSF of industrial space to the city.
The Park 303 property is spread over three parcels east of Loop 303 and on either side of Glendale Avenue.
An economic study estimated the property will net $860K in revenue each year to the city. City Manager Kevin Phelps noted that these estimates are not exact because the city does not yet know what business types will be built there. The study assumed 50 percent warehousing and 50 percent manufacturing on the property.
A requested zoning change to create a Planned Area Development to allow for industrial use goes before Glendale’s Planning Commission June 4th.
Read more at Independent Newsmedia.