LIPCO is a partnership formed in 1992 between the City of La Crosse, the La Crosse Area Development Corporation and Xcel Energy.
LA CROSSE, Wis. (WEAU) -- Plans for a project that could boost business in an area city are coming together.
The La Crosse Industrial Park Corporation or LIPCO has entered into a definitive purchase agreement with development team Borton-360 to buy 10 acres of land on the near north side.
Plans calling for turning the land which is known as Plant 6 into the Red Cloud Enterprise Center.
The proposal includes housing, retail and medical offices.
The project could cost $15 to $18 million, and bring in as many as 300 jobs.
“It’s something that’s very good, it’s very critical. It’s needed for like I said, not only just the north side, but for the whole city,” said La Crosse Mayor Tim Kabat.
LIPCO bought Plant 6 from Trane in 1997, and leased the space to La Crosse Footwear for ten years.
Plant 6 was knocked down in 2010.
The La Crosse City Council has to approve the purchase agreement before plans can move forward.
The council is expected to introduce the agreement in November.
If approved, construction could start in the summer of 2014.