GREEN BAY, WI (WTAQ) - An estimated $44 million technology center and home office for Schreiber Foods in downtown Green Bay is moving ahead.
Tuesday night the council approved a $14.5 million development agreement with the food company that provides a 40 year/400 job commitment.
Mayor Jim Schmitt and city staff say they have been working on the agreement for more than a year.
"We feel like we should celebrate," Schmitt says. "Schreiber has a lot of work to do with their design, but the council gave their final approval and now we can really get moving."
The new development is located in Alderman Ned Dorff's district.
"I'm really hopeful that this development will reinvigorate downtown development and business on Adams Street, on Main Street, North Broadway and beyond," Dorff says.
The city says they needed to come up with an attractive deal for the food company because they were looking to build a new home office elsewhere.
The city will be working on the next few months on clearing the sites. Construction is expected to begin in spring 2012 and be completed by 2014.