The WIP receives demand among cold storage, truck parking, and various manufacturing owner-operators, as well as developer and broker representatives also looking for speculative development opportunities. The CRA prefers that new development be as valuable and job-intensive as possible given the site's context. New warehouse development requires massive floorplates that would require relocation of internal utilities in the WIP rendering such development impractical. Moreover, warehouse projects generate minimal tax increment and employment. These factors, in combination with the strength of demand for small-scale niche manufacturing, assembly, and cold storage in this area justify the development of a strategic plan that provides cost effective ways to accommodate this diverse set of users within the park, with a focus on manufacturing.
Detailed Market Information Findings Source: Wilmington Industrial Park Economic Adjustment Strategy, Final Report, February 12, 2003, pg. 49, Prepared by Economic & Planning Systems |
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