WICHITA, Kan. (KSNW) – Back in May, Cargill announced the company would keep its headquarters in Wichita. Now, the company has named the site of their new location. It will be located at 825 East Douglas the building site of the Wichita Eagle. The property would be redeveloped into a newly constructed office complex to accommodate approximately 800 people.
Cargill has signed a letter of intent with a local investment group led by Dave Burk, Dave Wells and Brandon Steven to acquire and develop the site. Terms were not disclosed.
“The 825 East Douglas site is perfectly situated for the creation of a new Cargill Protein Group headquarters, providing us with a long-term solution that meets our needs, as well as the needs of our Wichita team,” stated Brian Sikes, Cargill corporate vice president for the North America protein group. “Locating in the Old Town portion of downtown Wichita places us in close proximity to many restaurant, entertainment, hotel and shopping options, with convenient access to key roads and highways. Creating a dynamic, aesthetic, and collaborative work environment of the future is an important element for growing our business and attracting and retaining talent as we transform to meet the evolving needs of our customers and consumers.”
The company says they explored Texas and Colorado as sites to move to. Ultimately, Kansas beat out those two states. Brian Sikes said back in May that the work ethic of employees in Kansas was valuable in the company’s decision to keep the company here.
The AP obtained records that the deal included nearly $10 million in tax breaks over a 10-year period from state and local government entities. Wichita has agreed to provide industrial revenue bonds to build a new facility – estimated to cost up to $41.6 million – plus an estimated $6 million more in bonds for the equipment and machinery, as well as possibly picking up half the cost of the company’s $15 million parking garage. In return, Cargill has committed to staying in Wichita for a minimum of 15 years.
The company has operated out of its current 10 story building on north Main Street for 30 years. The company’s move to a new office building is expected to take place by the end of 2018.
Roy Weatherly, publisher of the Wichita Eagle, said the paper hasn’t selected a new location yet, but they plan to stay in downtown. The company has until August to be out of their current location.