The Town of Topeka now owns the former Starcrat Marine site, with plans already being formed for the 50-plus acre location.
Paperwork was signed Monday as the town took possession of the property, purchased for $500,000 from Smokercraft. The property had been appraised for as much as $800,000, with Smokercraft donating the difference to the town.
The town is looking to build a new fire station on the site within the next year. Future plans include a town water tower in the next one to two years as well as an industrial development project down the road.
Meanwhile, the town is also looking to sell its old tanker fire truck as it awaits a new truck that was ordered earlier this year.