Beloit plans to buy land for new production facility
Beloit Economic Development Director Andrew Janke says at the next city council next meeting, it will fulfill some of the promises made to NorthStar Medial Radio-isotopes.
The city will purchase the land for no more than $900,000 and sell it to NorthStar for $1.
NorthStar will be investing $194 million into the Beloit facility and plans to create more than 150 jobs by 2016.
NorthStar will begin construction in June 2012 and expects to begin production in 2013.