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Possible future development projects for the Middletown property could include light industrial, mixed use, or retail, according to the city.
“There are many factors that influence manufacturing companies considering a site location. Low-cost energy service is one component and we are excited to help promote economic development and jobs in our area,” said Tim Abbott, Duke Energy community relations and government affairs manager, in a statement.
To qualify for the Site Readiness Program, a site must be a legitimate industrial site, usually 75 acres or more, and Duke Energy must be able to compete for service to the site, according to the city.
Duke Energy officials said the program includes:
- Initial assessment of existing or potential industrial sites
- A detailed "buildability" assessment and development of conceptual plans for the site