Developers want to buy former Trane plant

Posted Wednesday, October 30, 2013 --- 7:31 a.m.

LA CROSSE, Wis. (AP) -- Two developers have offered nearly $2 million for the former Trane plant property in La Crosse.

They have plans for a retail, office and housing complex. La Crosse Area Development Corp. executive director James Hill says the developers had the best proposal from among five solicited this summer.

A partner in the proposed project, Marvin Wanders of Three Sixty Real Estate Solutions tells the La Crosse Tribune construction is estimated at $15 million to $18 million.

Mayor Tim Kabat says the city must approve a development agreement with Three Sixty and Borton Construction, including establishing a possible tax incremental financing district.

Copyright 2013: Associated Press

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