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Beloit plans to buy land for new production facility

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Kyle Geissler
September 19, 2011
— Beloit is making plans to buy 33 acres of land where a medical imaging company will construct a 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.



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