Bids for a new 35,000 square foot building for Kennon Products could be opened by the end of the month, and construction could start around April 1.
Robert Briggs, who’s administrator of the Sheridan Economic & Educational Authority – known as SEEDA – updated the SEEDA board on the project earlier this week.
Briggs said having been approved, the plans have been put out for bid.
The new building is to provide both corporate headquarters and manufacturing space for Kennon, which has outgrown its space on North Main Street.
The land for the new building is in Sheridan’s Hi-Tech Park and is owned by SEEDA. Once constructed, the building will be owned by SEEDA and leased to Kennon, a deal similar to that currently between SEEDA and Weatherby.
The difference, Briggs said, is that Weatherby is expected to eventually buy its site from SEEDA, but Kennon hasn’t expressed any intention to own the property that it will occupy. In fact, Briggs said, the funding SEEDA receives through the federal government requires SEEDA to own the building for its useful life.