Five Star Plastics in Eau Claire is looking to expand. From the look of it, there is plenty of room to grow in its Skypark location. But with opportunity, comes a unique challenge.
"I think this is unique in the fact that the business already has land but it just ended up on the wrong side of how the best flow of their exisiting building could go," said Mike Schatz. He is Eau Claire's Economic Development Administrator.
He says the company owns land on the west side of the building. The problem is, the company wants to expand to the east. And that land is owned by the city.
"From an economic development perspective, we would like give them every chance to do that expansion here," Schatz said.
So, the city wants to make a deal. Mike Schatz says the proposal is to swap properties, so Five Star Plastics could expand on the east. Under the proposal, Five Star Plastics would also be required to add at least 25 to 30 new jobs in the area.
"There's nothing but pluses that we would get a 25,000 square foot addition that would add a new tax base and we would get 25 to 30 new jobs," Schatz added.
The proposal will go before the council tomorrow. Looking forward, Council president Kerry Kincaid says she is optimistic about the council's vote.
"It's already come through the economic policy advisory committee, which is a subset of council on which 3 council members serve and work with Mike Schatz," Kincaid said.
An opportunity to grow with some strings attached.
The city says Five Star Plastics is also considering expanding in Kansas if the proposal is rejected. We did reach out to Five Star Plastics for their reaction but they declined to comment.