By Fox23.com News Staff
CLAREMORE, Okla. — The City of Claremore and the Claremore Economic Development (CED) announced they’re in discussions for a potential economic development project at the Claremore Industrial Park.
The City said the project is being referred to as Project Mustang and is nearing completion of site feasibility checks. After these checks, the project is set to begin consideration of a Tax Increment District process.
The City said the area where the project is set to be built is already zoned for industrial use and won’t raise tax or utility rates.
The facility is set to be air-cooled and would not have significant impacts on Claremore’s water supply, according to the City.
The City said all other initial infrastructure upgrades would be paid for by the project’s developer.
“The City, in partnership with Claremore Economic Development, has an established history of advancing industrial projects in a manner that safeguards public interests and supports long-term community sustainability,” stated Claremore City Manager John Feary. “All projects are governed by public oversight, enforceable contractual protections and strict adherence to all applicable local, state and federal regulations for the protection of residents, ratepayers and the community as a whole.”
In a statement, the City of Claremore said in part, “The City of Claremore and CED have taken a long-term, strategic approach to industrial planning, recognizing that large-scale infrastructure projects require extensive planning, coordination and foresight. Since 2013, CED has strategically acquired land in and around Claremore Industrial Park to enable long-term planning, attract top employers and ensure projects align with zoning, land-use and fiscal standards.”
Despite online speculation, the City of Claremore has not yet revealed what type of economic development Project Mustang is intended to be.
