Dubuque Initiatives has agreed to accept ownership of 43 acres at 3400 Jackson Street from Flexsteel Industries, Inc. in an agreement centered upon keeping Flexsteel’s more than 200 manufacturing jobs in the Dubuque community. Flexsteel, owners and occupants of the facility built in 1897, will be relocating to Dubuque Industrial Center South.
Dubuque Initiatives is participating with several other state and local partners in the effort to retain Flexsteel in the Dubuque Community. Dubuque Initiative’s role not only assists Flexsteel divest of an aging facility, but also addresses reinvestment in the property to prepare it for a future tenant.
City Manager and Dubuque Initiatives Board Member Michael Van Milligen outlined Dubuque Initiatives as follows:
- Accept ownership of the 43-acre site at 3400 Jackson Street
- Manage the demolition of the structures and environmental remediation of the site
- Apply for state and federal grants to assist with the funding of this remediation in an effort to minimize the financial exposure to Flexsteel, Dubuque Initiatives, Dubuque County and the city of Dubuque
- Cap Flexsteel’s liability for demolition of the structure and environmental remediation of site
- Eventually market the site for light industrial development
Dubuque Initiatives Board Member Kevin Lynch stated, “This was a complex agreement with many different partners offering solutions to different aspects. This project is in perfect alignment with Dubuque Initiatives’ mission.”