FAIRFIELD, IOWA (November 8, 2021) – Fairfield Economic Development Association (FEDA) and its partners are excited to announce the sale of the Fairfield Shell Building to Sun & Fun Motorsports.
The building and three-acre site, located within the 61-acre FEDA Business & Industrial Park along Highway 34, was purchased for $875,000. Sun & Fun Motorsports is headquartered in Iowa City and will use the location to add a new dealership in Fairfield. Sun & Fun expects to invest $2.7 million in developing the location and completing this expansion project that will result in creating up to 17 high-quality jobs in Fairfield. Construction improvements will begin immediately and an opening of the new dealership is slated for March 2022.
Scott Goedken, owner of Sun & Fun Motorsports, said “We are very excited about coming to Fairfield.” Sun & Fun is the largest powersports dealer in the Midwest, currently retailing 11 brands companywide. The new dealership will retail two off-road vehicle brands, Can-Am and CFMOTO. “As a new business coming to Fairfield, it has been great working with the community.” The new dealership will be comprised of a showroom sales floor with quality parts and accessories for sale and a certified full service shop.
Amy Jones, FEDA Board President, said “The Shell Building was completed in Fall 2019 after a culmination of discussions to position the City of Fairfield & Jefferson County for further growth and creation of new jobs. FEDA is thrilled to welcome Sun & Fun Motorsports to Fairfield! We are proud of our shell building partners who came together to make this project a reality: Access Energy Cooperative, The City of Fairfield, Northeast Power, Jefferson County, and Iowa Area Development Group. A special thank you goes to Josh Laraby, FEDA Executive Director, for his passion and drive that continued to move this project forward.”
The sale included a development agreement with the City of Fairfield involving a 6-year, $360,000 Tax Increment Financing incentive, along with a $500,000 loan from Access Energy Cooperative’s Revolving Loan Fund and a $400,000 loan from Northeast Power’s Revolving Loan Fund.