Greeley annexes 102 acres for business park

GREELEY – The Greeley City Council Tuesday unanimously approved the annexation and zoning of a 102-acre parcel near the Weld County government offices for future use as a business park.

The property is located just north of the Weld County offices, which are near 11th Avenue and O Street. The land, known as The Grainery, will be zoned two different ways.

Seventy-seven acres will be for industrial uses, and the remaining 25 will be zoned for commercial use.

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The amount of industrial space in Northern Colorado, especially in Weld County, has steadily dwindled over the past 18 months.

Oil and gas producers and the companies that support them have bought up most of the existing industrial space, absorbing buildings that sat vacant during the recession.

Some new construction has occurred in recent months, but many bankers say that they’re hesitant to loan money for construction unless there’s a user ready and willingness to occupy a new building upon completion.