Sustainable Business Park enters negotiations with anchor tenant

Courtesy Kent County DPW

The Kent County Board of Public Works recommended its choice for anchor tenant of the planned Sustainable Business Park and authorized the Department of Public Works (DPW) to begin negotiations.

The development team for the Sustainable Business Park recommended Continuus Materials and Anaergia (CM+A) as the anchor tenant for the park to the board of public works in September, and at its Nov. 4 meeting, the board authorized the DPW to negotiate a project development agreement with CM+A.

“We’re presently underway with that,” Darwin Baas, DPW director, told the Business Journal last month, noting more information will be available after the board’s January meeting.

CM+A edged out the other anchor tenant finalist, Urbaser, and was chosen based on having an acceptable balance sheet, experienced energy performance certificate, moderate risk on DPW revenue sharing and net costs, pledge of 60% waste diversion rate and a lower tipping fee than what Urbaser quoted.

The Sustainable Business Park will be built on 250 acres of land adjacent to the South Kent Landfill on the Allegan County-Kent County line in Dorr Township and Byron Center with a goal of attracting businesses that will help the DPW meet its goal to divert 90% of Kent County-generated trash that goes to landfills by 2030.

The finalists were selected at the DPW’s March board meeting after drawing nine responses from around the world to a request for proposals, according to previous Business Journal reports.

Barring further delays due to COVID-19, the DPW hopes to have the anchor tenant complete its facility at the park and start operations by 2024.

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