The city of Leavenworth should offer land at a new business and technology park for sale at $1 per square foot and offer as much as 100 percent property tax abatement for 10 years for businesses that locate in the park.

The city of Leavenworth should offer land at a new business and technology park for sale at $1 per square foot and offer as much as 100 percent property tax abatement for 10 years for businesses that locate in the park.

These are among recommendations from a study concerning the new Leavenworth Business and Technology Park.

The study was performed by Newmark Grubb Zimmer, a commercial real estate company in Kansas City, Missouri.

A ribbon cutting ceremony was held late last month for the Leavenworth Business and Technology Park, which is located at 14th Street and Eisenhower Road.

The 81.91-acre park is owned by the city of Leavenworth. City officials are hoping to attract businesses to the new park.

JMK Partners and Leavenworth Excavating and Equipment Co. were paid $9.7 million to develop the property into a shovel-ready business and technology park. Funding for the project was provided by the city and Leavenworth County governments.

The city paid Newmark Grubb Zimmer $7,500 for the study. The company prepared a report titled “Research Report and Recommendations Leavenworth Business and Technology Park.”

The report provides information about competing industrial parks in the region and recommendations for the Leavenworth park.

Leavenworth City Manager Paul Kramer reviewed the report with city commissioners on Tuesday.

He said some of the company’s recommendations already have been met. This includes a recommendation for ensuring the park has water, gas and electrical utilities, something the city manager said already has occurred.

“We nailed this one,” he said.

The report recommends that the city publicize a tax abatement schedule for the new park.

The schedule should call for 100 percent property tax abatement for 10 years for any new building that is in excess of 15,000 square feet. New buildings of less than 15,000 square feet should receive a 50 percent tax abatement for 10 years, according to the report.

“That’s what the market is,” Kramer told commissioners.

The report also recommends the Leavenworth Business and Technology Park have an established sale price of $1 per square foot. The price could be adjusted to as low as $0.50 per square foot for tracts that are in excess of 20 acres.

According to the report, this will put the Leavenworth Business and Technology Park in a position to compare favorably with other parks in the region.

The report offers recommendations for marketing the Leavenworth Business and Technology Park.

This includes a recommendation for utilizing a real estate brokerage firm to help market the park.

“They would be paid based on commission,” Kramer said.

Twitter: @LVTNewsJohnR