Clinton City Officials say a state grant awarded Tuesday will be a major benefit to the development of the Railport Industrial Park. And could lead the announcement of a new industry at the site.
The State DOT awarded the city a grant of about 2-point-8 million dollars for extending roads to and into the industrial park.
The award was announced at the Clinton City Council meeting. Mayor Scott Maddasion says the roads will be aid access to the park and be an access for a new development that could be announced soon.
Clinton City Administrator Matt Brooke added the development agreement with the company could be finalized in the near future.
DOT STATEMENT ON GRANT
Clinton: A funding commitment from the city share of the RISE Fund was approved for this Iowa Certified Site through the RISE Local Development program to assist in the reconstruction of approximately 5,000 feet of South 54th Street, construction of approximately 4,000 feet of 36th Avenue South and turn lanes on U.S. 30 within the certified site area located on the southwest side of town. This project is necessary to provide access to the Lincolnway Industrial Rail and Air Park certified site of more than 345 acres for heavy industrial purposes. The estimated total RISE-eligible project cost is $4,787,500 and the estimated RISE grant is $2,872,500 or up to 60 percent of the total RISE-eligible project cost, whichever is less. The actual award amount is subject to change as project plans are finalized. The certification for this site expires on Dec. 19, 2021.
