The City of Lafayette, Colorado is vying for the construction of a campus that would be centered by the medical device manufacturing giant Medtronic Incorporated.
The project, which will include the construction of a $133 million, 500,000 square foot complex, will most likely go up on a 42-acre site to the east of U.S. Highway 36, and just to the north of the Northwest Parkway.
The company had earlier considered building on a more than 400-acre site in Louisville, some 3 miles to the southeast of Lafayette. That site was formerly the home to the StorageTek company.
But Medtronic decided on Lafayette in the face of local opposition to its development plan in Louisville.
In 2019 Medtronic was approved for an incentive package valued at just under $25 million by the Colorado Economic Development Commission for the Louisville project.
The Dublin, Ireland-based company, which specializes in everything from electrosurgical hardware to cardiac monitors and insulin pump systems, has annual revenues in the U.S. in excess of $30 billion.
Medtronic officials are currently involved in a due diligence process regarding the Lafayette site that will most likely be completed by spring.
By Garry Boulard
