Treasures Media is abandoning plans to build a new distribution center in the city's Southside Industrial Park because the company needs more space, Mayor John Dickert said on WRJN-AM 1400's Sound Off program Friday. (You can hear the report here.)
Dickert said Treasures Media bought another company over the holiday season that expanded its needs.
"They're growing so fast that they may not have time to build there," Dickert told WRJN. "They may actually have to get another site that's even bigger. We're working with them on doing that in Racine."
Treasures had planned to build an 80,000 square-foot distribution center where the former Jacobson/Textron industrial plant was located.
WRJN reported Treasures' new site may create up to 45 new jobs. Dickert declined to say what sites Treasures was looking at, but said it would be bigger than the South Side Industrial park location.
Dickert also said on Sound Off that the city was working with two other companies about moving to the city, and the city is finalizing a contract with American Tire and Recycling to open a new plant on South Memorial Drive.
The American Tire deal is moving forward after a court decision in January kept things in track. American Tire had planned to open sometime in the first quarter of 2010. They plan to create up to 88 jobs at the site.