NORTH PLATTE, Neb. North Platte City Officials and Chief Industries met Friday to finalize the approval of the Iron Trail project.
The $3 Million project will create buildings for industry in southeast North Platte.
The crew plans to build six to seven buildings for the first phase which will be used for logistics and warehouses.
The Community Redevelopment Authority already approved the use of TIF funds for the project.
North Platte City Administrator Jim Hawks says he's optimistic for the future.
"What it would mean is hopefully we'll have new businesses coming to the community so we'll be seeing new people move into the area and move into those buildings and operate out of them," said Hawks.
"We're excited to see them come to town and we're excited about the project. Like you say, I think there's going to be all kinds of benefits."
TIF funds were also approved to build workforce housing.
Two apartment buildings will be constructed in the area of Pacific Place and will be going for a market rate.