THE CITY REBORN FROM THE ASHES OF AMERICA'S MOST DISASTROUS FOREST FIRE
Tri-Tech Manufacturing Is Coming To Peshtigo
Issue Date: January 6, 2021
At its meeting on Tuesday, Jan. 5, Peshtigo City Council approved a UDAG Committee recommendation to sell Lot 82 in the Pine View Commercial and Industrial Park to Tri-Tech Manufacturing, LLC of Kent, Washington, for $9,800, and to include an option for the firm to buy adjacent Lot 81 at the same price. The firm manufactures parts used by Marinette Marine and also parts used by paper mills. The purchase does not require a UDAG loan, and Company President Mark Haller in a Dec. 28 letter to Malke had offered to immediately wire transfer payment or send a $19,600 check for purchase of both lots. The lots are located on Jopek Road between Hart Industrial Drive and Old Peshtigo Road.
The UDAG Committee, at a meeting held earlier in the day on Jan. 5, had recommended approving sale of the first lot with the option for the second. Property in the two lots totals 9.80 acres, and the city charges $2,000 per acre for Industrial Park land, but the buyer must comply with job creation and other requirements within a specific time frame for purchase of land in the Commercial and Industrial Park. Malke had first met with Tri-Tech representative Randall Crum in mid-December.
"We understand that the purchase of the land comes with conditions that we will expand employment and hire locally when our business operations are up and running," Hart had written in the Dec. 28 letter, and continued, "As part of those business operations, as we have done at our other businesses, we will be working with your local school district for internships and training in order to expand local employment opportunities. We will also employ local businesses (Marinette County) for site preparation and building construction where at all possible."
"We look forward to expanding our business opportunities, becoming a participating community member and being a part of the City of Peshtigo," Haller's letter had concluded.
Selling the lots to Tri-Tech had been discussed by the UDAG Committee in closed sessions on Jan. 5 and Nov. 30, as had a potential loan to a different entity.