The City of Kannapolis has entered into a public-private partnership agreement with a development group for the constructuion of a new Business Park west of city limits along NC Highway 3. It is anticipated that the project's 5-year build-out will reach close to $120.0 million in tax value and create more than 500 new jobs. The developer is constructing a major off-site sewer line to the site at a cost of $1.2 million. The city committed to designing and constructing a 2650-foot water extension from the existing line at Shiloh Church Road, as well as an elevated water tank and a booster pump station.