Truesdale officials said the location of a new 500,000-square-foot warehouse, which would cost about $20 million to build, would be a natural component to add to the existing facility. "We have the …
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Truesdale officials said the location of a new 500,000-square-foot warehouse, which would cost about $20 million to build, would be a natural component to add to the existing facility. "We have the land available and we have existing utilities already on site," said City Clerk Mary Lou Rainwater. "And our whole board (aldermen) supports this proposal very enthusiastically." Truesdale is one of two locations reportedly under consideration for the new facility. The city has a site of nearly 60 acres available to offer to Coca-Cola officials located east of South Spoede Road. Wright City is the other contender for the distribution warehouse. Last week that city's board of aldermen authorized rezoning a 51.68-acre tract of land off Veterans Memorial Parkway, at the intersection of Highway H, to an M-1, or light industrial use. That designation would allow the construction of the warehouse Coca-Cola wants. But Truesdale officials feel the warehouse would make more sense if it was built on their available site, less than a mile from the packaging company. "We've demonstrated our ability to work well with Coca-Cola in the past to approve tax abatements," said Rainwater. Coca-Cola officials have yet to officially disclose what sort of tax abatement they would seek for the new distribution warehouse facility. Wright City Mayor Roy White said he understood Coca-Cola might ask for a lucrative deal which would include the first 10 years with no real estate tax payments whatsoever and the next 15 years at a reduced rate of about 50 percent of the full assessed valuation of the property. The new warehouse would initially employ 12 people, according to Coca-Cola officials. The facility also may include a 200,000-square-foot expansion in the future. Ultimately, Coca-Cola officials project the facility employing as many as 50 people.