Rochester, MN (KROC-AM News) - The Rochester City Council is being asked to approve a new economic development tax increment financing district for the local Pepsi-Cola Bottling Company.

The firm wants a new, more efficient warehouse and has lined up a site near the former Fleet Farm store along South Broadway. The company is seeking a TIF subsidy of $800,000 from the city to help cover its development costs. As part of its request,  Pepsi says it will retain its current payroll of 80 full-time and 47 part-time employees.

The company conducted an 18 month study to find a new site to replace its current facility near the main Postal Service office along Valleyhigh Drive. It considered sites in Byron, Oronoco and Stewartville,which were less expensive than the Rochester proposal. That led the company to approach the city with its request for financial assistance.

The Pepsi proposal calls for a 97,000 square foot facility with room to expand in the future. If the request is approved, construction is expected to begin next month and be completed in about a year.The City Council is scheduled to act on the request at its Monday evening meeting.

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