The Rome-Floyd County Development Authority has agreed to take an option on 32 acres adjacent to the Northwest Georgia Offshore Georgia Industrial Park 53 in Shannon.
The existing industrial park, approximately 70 acres, is owned by the Gordon County-Floyd County Joint Development Authority.
After a half-hour closed session to discuss the real estate issue, the development authority unanimously voted a three-year option to purchase the 32-acre site.
The authority will pay $ 10 for the option and has agreed to pay $ 17,000 an acre for the property, bringing the total to $ 544,005.
The new site is owned by Watters Investments LP and spans Old Shannon Road.
The existing industrial site, which has something similar to an hourglass shape, is divided in the middle by Ward Creek. The acquisition aims to improve the market value of the entire combined 102-acre parcel.
“The way the creek runs through the middle of the park made it difficult to create another large site serviced by rail, and that is our goal in creating this property,” said Missy Kendrick, president of Rome-Floyd County Development. Authority.
Kendrick said if the authority was successful in completing the acquisition of the Watters property, it might consider asking the county to close a short segment of Old Shannon Road.
“We’ve been in contact with the other landowners at the north end of the site, so they’re familiar with what we’re doing,” Kendrick said.
The authority has also spoken to other landowners who have residential sites closer to Ga. 53 about the possibility of acquiring some of these plots.
Since many of these adjacent plots are residential, construction on the industrial site must be further from the property line, which limits the available buildable space.
Several years ago, Ball Container took an option on the property for a new storage and distribution center, but ultimately abandoned the plan. Earlier this year, Ball took an option on the 110-acre industrial site in the northwest corner of the intersection of Ga. 53 and 140.
R-FCDA also approved a motion Tuesday morning to give Ball 45 more days to complete its purchase and sale contract for the 110-acre site.
Ball is planning a $ 51.8 million investment in a 750,000 square foot warehouse and distribution center on the property. The company predicts that the project will create up to 70 new jobs.