Iowa City industrial park empty despite use plans
IOWA CITY (AP) — An Iowa City industrial park that the city has spent millions to develop sits empty, nearly two years after a Maryland-based wind turbine company announced it would build an $85 million plant and employ nearly 200 people there.
Nadicom, or North American Ductile Iron Co., of Fulton, Md., announced in April 2011 at the Iowa Wind Energy Association’s annual conference that it would build an iron foundry on the site that would support 175 jobs. But the foundry never materialized and today the 173 acres on the southeast edge of Iowa City remain mostly undeveloped farmland.
Iowa City has put up about $12 million of the $14 million spent to help create streets and extend water and sewer lines to the area, the Iowa City Press-Citizen reported.
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