April 23, 2008

Coutts talks about CNH building in Caledonia

Here's a minor update on reports that CNH is looking to build a 300,000-square-foot office building:

Caledonia Village President Ron Coutts said this week that the village wouldn't take any financial risks to lure CNH out of the City of Racine.

Coutts acknowledged reports that CNH was considering a move to the village, but said the interest appears to have cooled off. He added that the village wasn't going to implement a TIF district in hopes of attracting development, only to have it go belly up in the current economy.

CNH is reportedly considering building a major new office building, but has yet to pick a location. The company was close to move out to Highway K, but those talks fell through, according to the the Milwaukee Business Journal.

Coutts added that he expects Racine to fight to keep CNH in the city. "The mayor will do everything he can to keep CNH," he said.

1 comment:

  1. It will be fun to see which politicians propose what types of incentives to CNH for their new building. It seems to me that Racine would have to offer one heck of a good deal for CNH to put more money into State St. Or would they build at the South Side Ind Park?