Jamestown  (CSi)  The Jamestown Stutsman Development Corporation (JSDC) is working with the Jamestown Regional Airport Authority in developing a new industrial park near the Jamestown Regional Airport.

JSDC Business Development Director Corry Shevlin reports that the Jamestown Regional Airport Authority owns about 87 acres on Highway 20 North, which is prime for development into industrial and aeronautical use lots.

The Airport Authority will lease the land to the JSDC at the agriculture land lease rate, enabling the JSDC to  sublet the land for agriculture purposes, $0.71 per square foot for the repayment of the development cost as a onetime payment, plus $0.02 per square foot for JRAA on a yearly basis.

Shevlin says approximately $2.8 million would be needed to develop the park.

The project would be funded 90/10 City of Jamestown and Stutsman County split, with the city accounting for $2,562,752.44 and the county’s share $284,750.28.

The city council and county commission, need to approve the project which could get started this fall.