The proposed two-hotel and conference center planned for Waite Park moved one step closer this (Monday) evening. The Waite Park city council unanimously approved a development agreement with the Silver Leaf Group, which includes $4.2 million in tax-increment financing (or TIF), over a 20-year term.
Waite Park officials want more time to discuss plans for a two-hotel and conference center. During this (Monday) evening's City Council meeting a public hearing was held to discuss the Tax Increment Financing proposal the Silver Leaf Group is asking on the project.
A St. Cloud bio-science company is planning a major expansion this fall. Microbiologics is celebrating its 40th year in St. Cloud and will undertake a $3.2-million expansion project that will create a 19,200 square-foot production lab, warehouse and office.