Sioux Falls, S.D. (KELO AM) - The much touted industrial park on the city's northwest side is set to make a big announcment Friday.
Foundation Park, announced last year to much fanfare and promises of bringing Fortune 500-caliber companies to Sioux Falls, has moved a lot of dirt however has yet to name its first tenet. It's speculated the Sioux Falls Development Foundation could use Friday's announcement to reveal just that.
Friday's announcement comes at the heels of a handful of Sioux Falls banks funding a $16 million pot to allow quick funding and completion of infrastructure projects for the park. The city is currently upgrading streets in the area as well, including extending Marion Road to the north.
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The Fruit Club had announced plans to team up with Logistics Buddy to build a warehouse in the park, however backed out of that commitment last September.
Friday's announcement is set for 11AM at the Development Foundation's offices.