ST. CLOUD (WJON News) -- The St. Cloud Economic Development Authority is moving forward with buying up some underdeveloped land in the I-94 business park.

The EDA wants to buy 17.9 acres from Arctic Cat.

Back in September 2016, the parties entered into a contract for the private development of a manufacturing and testing facility on the property.  However, in 2017 Textron acquired Arctic Cat and the project was postponed.

Now the company no longer has a use for the property.

The purchase price for the land is $567,500 with the EDA and St. Cloud Opportunities each paying half.

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Once the sale is complete, the property will be marketed for sale and development.

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