HomeMy WebLinkAbout1980 11-26 Kroy Industries is leaving Maplewood THE REVIEW VOLUME 19,NUMBER 29 Publication#328680 /" Ir��L,C.�/ Maplewood, Minnesota .. �,..- Single Copy 30' WED.,NOV.26, 1980
Kroy Industrie iMaplewood
es s Iear � n
By MARY LEE HAGERT Tenth Street North(Minnehaha Avenue) commercial banking institutions. The research and development laboratory, communication equipmept are made," the need for more space."
in Oakdale.The company plans to build status does not exempt Kroy Industries this initial project may include a according to Jeff Saxton, a Kroy The name,Kroy Industries,is derived
With the help of up to$10 million in the initial phase of its new headquarters from paying utility assessments and fees warehouse and distribution center. Industries public relations employee. from the days when the company was
industrial revenue bonds,Kroy Industries at this location. and property taxes. Eventually, Kroy may have a light Saxton explained the company was located in the St.Croix Valley.The name
Inc.,is moving its corporate headquar- The project will be financed with the Although final plans for the new manufacturing area at this location. based in Stillwater for about 20 years and Kroy is a spelling variation of Croix,
tern from Maplewood to Oakdale. industrial revenue bonds. Earlier this building in Oakdale have not been drawn The type of product Kroy will make at produced thermoplastic molding. The Sexton said.
The corporation has outgrown its month, the company received the Oak- up,the corporation is tentatively planning its new facility has not been determined, company has gradually shifted its em- Sexton said corporate officials looked at
present leased office and research dale City Council's permission to use the to construct an approximately 80,000 Weir said. phasis to the graphics business. . many sites in Maplewood,Woodbury and
laboratory space in the Industrial city's tax-exempt status to secure this square foot building,according to Dave At the OakdaleCity Council meeting,he About three years ago,the corporate Oakdale before selecting the Interstate
Townhouse Building,1728 Gervais Ave., type of mortgage financing.Three council Weir, an industrial developer hired by reassured the council members and city headquarters in Stillwater were sold and 694 location.
Maplewood. members voted in favor of Kroy's Kroy Industries to plan the new facility, staff that the products made in Oakdale the main offices were moved to The city of Oakdale is having a
The company manufactures visual request,with Councilman Mike Graske roy hopes to begin work on the building by will.meet"the health,safety and waste Maplewood. At that time,some of the feasibility study made on the sewer,
communication products and employs abstaining and Councilman Doug Kline either late spring orearly summer and treatment standards set by the city and company's assets in Wisconsin were sold. watermain and street requirements for
about 150 persons at its Maplewood casting a negative vote. wants to have it completed within a year. state." After the move to Maplewood, Kroy the proposed Kroy facility.
location. - . - Weir is projecting the,corporation will began focusing mainly on the graphics Once this is completed and approved by
Kroy Industries has an option on 60 THE TAX-EXEMPT status will allow employ about 400 persons when this phase "THE COMPANY has manufacturing division. the Oakdale City Council,the plans for the
acres of,land at the northeast coiner of Kroy to obtain mortgage financing at a of construction is completed.In addition outlets in Osceola and St. Croix Falls, "Since that time,the company's growth new corporate headquarters will be
l the intersection of Interstate 694 and lower interest rate than is charged by to the corporate office space and the Wis.,where various types of graphic and has been dramatic,"Sexton said,"thus finalized,Weir stated.