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Gardiner’s Libby Hill Business Park Set to Expand in 2008
12 New Lots being Added
Gardiner, ME, May 23, 2008 — Gardiner’s Libby Hill Business Park is about to expand in a big way in 2008! Building on the success in phase I of the business park, the City will add 12 new pre-permitted lots for future development this year. Including the phase II expansion area, the Libby Hill Business Park now totals over 260 acres and 28 lots. Libby Hill is a significant-sized business park for the State of Maine! According to an October, 2007 issue of MaineBiz, the City’s business park ranked 8th in total acreage among the entire State of Maine, up five spots from the previous year.
Gardiner is pro-active in economic development and has a number of incentive programs to help attract new businesses, from tax increment financing, revolving loan fund assistance, to utilizing the Pine Tree Zone program. All lots at Libby Hill Business Park are pre-permitted to allow for a more streamlined development process. The city’s planning & development office is ready to assist prospective businesses and guide them through the entire development process. By listening and learning about needs, the city can help businesses, from concept to completion. The city will also be launching a new marketing plan to help get the word out on the expansion.
In addition to having incentive programs, the park’s location, just off exit 49 on I-295 in Gardiner, and highway route 201 (and being only 2 miles from the I-95 Maine Turnpike) creates a real advantage for those businesses seeking statewide highway access. The western border of the Libby Hill Business Park literally runs parallel to I-295 and has tremendous visibility for those travelling northbound. Gardiner is also in close proximity to Portland (just 49 miles on I-295) and benefits from being located within a region of over 55% of the state’s population within a 50 mile radius. Having a great location with all the necessary public infrastructure and incentive programs available, creates a winning combination for new park businesses and the City!
New lots in phase II will range in size, from 2 to 14 developable acres. Building sizes can range from an estimated 10,000 square feet to over 120,000 square feet, depending on the number of floors required and other factors, such as parking needs. Lots can be also combined to accommodate a prospective business. The City is reviewing pricing options for the new lots, but plans to continue offering lots at a very competitive price.
For more informaton on the expansion project and a complete copy of this announcement, please click here or contact Jason Simcock, Planning & Development Director, at 582-6888, or emailing econdev@gardinermaine.com.
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