CALDWELL — Firework distribution company, Winco Fireworks LLC, has signed a purchase and sale agreement with Caldwell’s Urban Renewal Agency to develop 8.2 acres near Sky Ranch Business Park.
Caldwell Economic Development Director Steve Fultz said Winco officials signed the agreement in July. The company will purchase the property for about $700,000, or about $2 per square foot, according to the agreement, he said. Winco plans to build a 60,000-square-foot warehouse on the vacant land at 5221 Linden St.
After signing the agreement, Winco entered a 90-day due diligence period, which Fultz said will expire in October. When it expires, Fultz expects Winco officials to close on the property. He said officials expressed that they want the facility to be operational by the middle of next year.
Winco officials initially wanted to purchase the land for $698,000, or $1.95 per square foot, according to their letter of intent. Earlier this year, Boise-based developer Gardner Company showed interest in the same 8 acres, and a purchase and sales agreement was put in place, but the property was never closed on.
In 2016, the Caldwell Urban Renewal Agency purchased the entire property — about 22 acres — near Sky Ranch for $1.3 million, or about $1.35 per square foot. Since then, all but 8 acres have been sold, according to Carol Mitchell, the city’s finance director. The remaining 8 acres, which urban renewal spent $269,000 in infrastructure improvements on, is valued at about $437,000, Mitchell said.
The warehouse would serve as a regional distribution space for Winco Fireworks — an exclusive Black Cat wholesale firework distributor. The company, with a corporate office in Prairie Village, Kansas, has eight warehouses across the country including ones in Kansas, Indiana and Utah, among others.
“They will be the primary distribution center for the West,” Fultz said in a previous Idaho Press report.
Winco Fireworks sells a variety of fireworks, including fountains, firecrackers and aerials, according to the company’s website. Fultz said that the company would only use the Caldwell facility as a distribution center and wouldn’t sell fireworks. Winco Fireworks is unrelated to Boise-based supermarket chain WinCo Foods.
Idaho law prohibits the use of fireworks that leave the ground or shoot sparks more than 20 feet in the air or 15 feet in diameter. Many vendors continue to sell the illegal fireworks, requiring buyers to sign an agreement stating they won’t use them in Idaho.