Twelve businesses (listed in the PDF below) had Site and Operational Plans approved by the Pleasant Prairie Plan Commission in 2014 and are currently in various stages of completion. They include: Regal Limousine/Forward Transport (relocate w/i county), Niagara Bottling (new), Kwik Trip (new), Central Storage Warehouse (expansion), Uline (two/expansion), Caterpillar College (relocate w/i county), Good Foods Group (expansion), Senior Lifestyle Corporation (new), Costco (new), Quest Products (new), and the FNA Group (new).
In addition to those listed above, three other projects were under construction during 2014 - the Meijer Distribution Facility, Goddard School, and Regner Veterinary Clinic. Other projects announced in 2014 but not yet under construction include a second Uline office building and the Majestic Realty project including approximately 1.2 million square feet of industrial space.
Projects before the Plan Commission that were completed during 2013 included: Hanna Cylinders (new), EMCO Chemical corporate offices (expansion), Olds Products (expansion), TaChen International (new), Cheddar’s Casual Cafe (new), the Plaza at Prairie Ridge (new multi-tenant retail), L&M Corrugated Container (new), and Konecranes (new).
Both the introduction of new business and business expansion continues to contribute to a healthy level of economic diversity in our community. This diversity provides added balance and stability to the local economy, protecting it from the decline of a single industry or large employer. The introduction of new business and the strength and growth of existing business also impacts the financial value of the Village.
In 2014, commercial and manufacturing development in Pleasant Prairie was valued at nearly $1,192,548,500 (including personal property) and accounted for 44.7% of the total value of the Village ($2,667,459,100). As a point of comparison, prior to the economic downturn, in 2008, commercial and manufacturing development in the Village was valued at approximately $975,858,200 (including personal property) and accounted for 35.3% of the total value of the Village ($2,764,015,600).
Over the past few years, the strong values of commercial and manufacturing properties have had a favorable effect for residential taxpayers who saw residential property values decline during the recent recession and housing downturn. When the percentage of the total value of the Village is redistributed between the different classes of real estate (residential, commercial, manufacturing and other uses), each real estate class assumes a greater or lesser responsibility for that year’s tax levy.
During 2015, the Village will continue efforts to ensure that new development will add value to our community. The Village Board, Plan Commission, and staff will also work to ensure that any remaining developable land in the Village achieves its highest and best use in order to help our community maintain its value over the long term.
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