City, Cemstone Complete Industrial Park Land Swap With TIF
Trusted by teams at
Description
Cemstone and the City of Owatonna completed a land swap. Cemstone will develop the new industrial park site within five years, with TIF support, while the City plans future redevelopment of the former Cemstone property.
Contract Details
Vendor
CEMSTONE
Agency
City of Owatonna, MN
Contract Type
OTHER
Document Date
June 17, 2026
Contract Term
5 years to build on new site
Renewal Date
2031-06-17
Renewal Info
Cemstone has a 5-year timeline to construct new facility as per swap terms.
More from CEMSTONE
More from City of Owatonna
Owatonna Economic Development Authority Agenda Packet 2026-06-17
Owatonna Economic Development Authority Agenda Packet 2026-06-17
Owatonna Economic Development Authority Agenda Packet 2026-06-17
City of Owatonna Agenda Packet 2026-06-16
City of Owatonna City Council Meeting Agenda 2026-06-16
Get alerts on contract renewals, new awards, and vendor activity.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.