- December 19, 2021
- Posted by: Stratford Team
- Category: Business
The Brooklyn Business Complex, located on the east edge of Brooklyn along Hwy. 92, is set to enter Phase 2 as soon as a sale of a bond is approved and finalized by the village board.
The completed Phase 1 consisted of a 10-acre parcel and has four businesses — O&A Manufacturing, Northern Metal & Roofing Co., Capital City Culverts and Caliber Custom Cabinetry, Inc.
In all, three phases are envisioned for the complex. The approved Phase 2 will be around 35 acres and Phase 3, if approved, would be 50 acres.
The land purchased for Phase 2 is the rest of the annexed land located in the Tax Incremental District (TID) 2, village clerk Linda Kuhlman told the Observer.
The borrowing for the purchase is set to be $1.12 million, Kuhlman said, and will be funded through the sale of a bond through the general market.
The borrowing total…
