VIRGINIA, MN (Northland's NewsCenter)--The city of Virginia agreed to buy a piece of land on Tuesday that could become home to a new development by Tri-Tec, a steel fabricating company.
The city will buy nearly two acres of land for $25,000.
St. Louis County officials are also willing to sell portion of tax forfeited land near the old Staver Foundry site.
Some state lawmakers are concerned the land might be contaminated and would become a huge liability to tax payers.
The U.S. environmental protection agency removed hazardous materials and declared it a non-contaminated site in 2010.
"There is some heavy metals, but very small amounts that are very typical with that of a foundry," Bob Krepps, St. Louis County Land and Minerals Director said. "None of them met the hazardous classifications and standards of the EPA."
The Virginia City Council will consider whether to purchase the remaining land on which the Staver Foundry Building sits at its next finance meeting.