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Keystone RV Paying $3M for Pendleton Site
Posted By RVBusiness On May 3, 2011 @ 7:39 am In Breaking News | No Comments
A big boost will be coming to the budget of Pendleton, Ore., thanks to selling 30 acres of land to Keystone RV Co. Inc.
Keystone purchased the land for $3 million, with the city expected to cash in $1.25 million in net profit, KEPR-TV, Pasco, Wash., reported.
Officials say they’re considering using the money for improvement to the new airport road or saving it for future projects. Either way the city knows it’s a big boost for their local economy.
“It’s not very often we have revenue like this come in at one time and then have that choice,” said Mayor Philip Houk. “So what we want to do is make sure it’s well thought out and what is best for our future as we move forward.”
The city also said that Keystone bought the land with the intent to expand in the future
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