Development News for Pueblo, Colorado

Project Falcon Negotiations Underway: City Aims for Manufacturing Growth with Significant Infrastructure Investment

The city is in negotiations for Project Falcon, a manufacturing project expected to bring 293 jobs with an average salary of $80,000 and a median salary of $65,350. The project involves significant infrastructure investment, including $40 million for wastewater systems and road improvements on Lime Road. The funding for infrastructure will come from the half-cent sales tax fund, which currently has approximately $68 million. The total project cost and investment are under an NDA due to the company being publicly traded, but it's estimated to be over $800 million for the plant itself. The city anticipates substantial economic benefits, including an estimated $1.97 billion in ROI over two years post-completion, along with sales and use tax revenue during construction and ongoing economic activity from new employees.