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Hannibal Courier - Post - Hannibal, MO
  • Renewed interest surfaces in former DURA North building

  • Interest has surfaced again in the former DURA North building in southern Hannibal, near U.S. 61.
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  • Interest has surfaced again in the former DURA North building in southern Hannibal, near U.S. 61.
    George Walley, executive director of the Northeast Missouri Economic Development Council, reported the interest at the Council’s recent meeting at city hall.
    “A manufacturer who met with me last year regarding the DURA North building has made contact with the state for additional information,” wrote Walley in a memo to the group. “The company is currently evaluating whether it can meet the wage level requirements of the new Missouri Works incentive program.”
    Walley explained that because the state has a limited amount of money available to use in attracting new industries, it requires that companies meet certain “minimum bars” to qualify.
    Regarding the company that is now interested in the building, Walley said it is “right on the edge” in regard to being eligible for state incentives.
    In January, Walley reported an out-of-state manufacturing company’s plans to relocate to Hannibal had cooled. Since at least 2012 the company, whose identity has never been made public, has shown interest in the former DURA North building.
    DURA ceased production in the 107,000 square foot building in late 2008.
     
    Another project
     
    Walley also reported that an advance manufacturing project, which for an extended period of time had looked at this region among many others throughout the country, has recently come back and reported this is its primary evaluation site.
    “It is very complex with most of the analysis and discussion occurring outside our sphere of influence,” wrote Walley in a memo to the Council. “Most of my participation at this point involves bond financing conversations with clients’ consulting firm on the East Coast in joint discussions with our bond attorney and the Missouri Partnership.”
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