PIERRE — The Pierre City Commission has approved a resolution of support needed by the Pierre Economic Development Corporation to apply for a part of 200-million dollars approved by the South Dakota legislature to support infrastructure development. PEDCO C-E-O Jim Protexter says PEDCO has been working on the project for nearly two years…
Protexter says PEDCO reached to developers when American Rescue Plan dollars first became available…
Protexter says the idea is to remove the cost of infrastructure to reduce the cost of land to build on, thus lowering the cost of a new home…
The resolution of support is the only concession the City of Pierre is making. No city revenues are being used in the project.
