Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Portion of Commerce Park may be dispensed

To help fund improvements to infrastructure at New River Valley Commerce Park off Route 100, the owning jurisdictions are considering dispensing of about 62 acres of the 973-acre facility.
According to Joe Morgan, executive director of Virginia’s First Regional Industrial Facility Authority, a portion of the property has been deemed “surplus property” that could be sold or otherwise disposed of. As a result, the Authority will hold a public hearing Tuesday night at 7:30 p.m. to receive comments on the proposed disposition. The hearing will be held in Dublin Town Council Chambers on the second floor of the Dublin Municipal building in Town Park Square.
Morgan points out that disposition of a portion of the property is being considered in order to raise funds for infrastructure development, including improvements to water and sewer capacity, and possibly extending rail service and an electric transmission line to the park.
It was announced in October that a $3.4 million federal grant has been approved to fund half the cost of expanding the water and sewer capacity at the park. Selling sections of the property that have been deemed unsuitable for industrial development could help fund the other half of the project, plus the cost of other considered improvements.
Pulaski County Administrator Peter Huber pointed out in
February that the park already has water and sewer service available. However, he said upgrading the capacity of both services would increase the park’s marketability by making it more attractive to industries that use significant amounts of water in the manufacturing process.
The present capacity cannot support industries that use high volumes of water.
The property being considered for disposition is along the southern border of the park, nearest to the Town of Dublin and surrounding residential development. The green space buffer in that area is at least 300 feet deep and includes areas not feasible for industrial or commercial development, according to Virginia’s First.
A press release from the Authority indicates some of that property may be considered for disposition and that it “may be offered for public or private sale” following Tuesday’s public hearing.
A report on the comments received at the hearing will be submitted to the New River Valley Commerce Park Participation Committee for consideration at its next meeting, Aug. 12.
The Commerce Park, created in 1999, is jointly owned by Bland, Craig, Giles, Montgomery, Pulaski, and Roanoke counties; Radford and Roanoke cities; and the towns of Dublin, Pearisburg and Pulaski.
The purpose of a joint collaboration on a park was to “foster economic development in the New River and Roanoke valleys by offering a larger acreage site than is feasible by most of its member governments.” The largest single development site in the park is 729 acres, according to New River Valley Economic Development Alliance.
Members of the park’s Participation Committee will share, in perpetuity, the revenue from Machinery and Tools taxes paid by industries that locate within the park. Virginia’s First and Pulaski County also have agreed to share 100 percent of all other taxes collected from the industries for seven years then offer declining shares through 15 years.
The park, south of New River Valley Airport, has no tenants to date.
In addition to the public hearing, comments or requests for information may be presented orally or in writing to Virginia’s First Regional Industrial Facility Authority. The mailing address is 6580 Valley Center Drive, Suite 124, Radford, VA 24141. Telephone comments and inquiries may be directed to (540) 639-1524, ext. 218, or faxed to (540) 831-6093. The e-mail address is jmorgan@nrvde.org.
Information is available for public inspection Monday through Friday, 8-5 p.m., at the New River Valley Planning District offices, 6580 Valley Center Drive, Suite 124, Radford, VA 24141.

Comments

comments

Portion of Commerce Park may be dispensed

To help fund improvements to infrastructure at New River Valley Commerce Park off Route 100, the owning jurisdictions are considering dispensing of about 62 acres of the 973-acre facility.
According to Joe Morgan, executive director of Virginia’s First Regional Industrial Facility Authority, a portion of the property has been deemed “surplus property” that could be sold or otherwise disposed of. As a result, the Authority will hold a public hearing Tuesday night at 7:30 p.m. to receive comments on the proposed disposition. The hearing will be held in Dublin Town Council Chambers on the second floor of the Dublin Municipal building in Town Park Square.
Morgan points out that disposition of a portion of the property is being considered in order to raise funds for infrastructure development, including improvements to water and sewer capacity, and possibly extending rail service and an electric transmission line to the park.
It was announced in October that a $3.4 million federal grant has been approved to fund half the cost of expanding the water and sewer capacity at the park. Selling sections of the property that have been deemed unsuitable for industrial development could help fund the other half of the project, plus the cost of other considered improvements.
Pulaski County Administrator Peter Huber pointed out in
February that the park already has water and sewer service available. However, he said upgrading the capacity of both services would increase the park’s marketability by making it more attractive to industries that use significant amounts of water in the manufacturing process.
The present capacity cannot support industries that use high volumes of water.
The property being considered for disposition is along the southern border of the park, nearest to the Town of Dublin and surrounding residential development. The green space buffer in that area is at least 300 feet deep and includes areas not feasible for industrial or commercial development, according to Virginia’s First.
A press release from the Authority indicates some of that property may be considered for disposition and that it “may be offered for public or private sale” following Tuesday’s public hearing.
A report on the comments received at the hearing will be submitted to the New River Valley Commerce Park Participation Committee for consideration at its next meeting, Aug. 12.
The Commerce Park, created in 1999, is jointly owned by Bland, Craig, Giles, Montgomery, Pulaski, and Roanoke counties; Radford and Roanoke cities; and the towns of Dublin, Pearisburg and Pulaski.
The purpose of a joint collaboration on a park was to “foster economic development in the New River and Roanoke valleys by offering a larger acreage site than is feasible by most of its member governments.” The largest single development site in the park is 729 acres, according to New River Valley Economic Development Alliance.
Members of the park’s Participation Committee will share, in perpetuity, the revenue from Machinery and Tools taxes paid by industries that locate within the park. Virginia’s First and Pulaski County also have agreed to share 100 percent of all other taxes collected from the industries for seven years then offer declining shares through 15 years.
The park, south of New River Valley Airport, has no tenants to date.
In addition to the public hearing, comments or requests for information may be presented orally or in writing to Virginia’s First Regional Industrial Facility Authority. The mailing address is 6580 Valley Center Drive, Suite 124, Radford, VA 24141. Telephone comments and inquiries may be directed to (540) 639-1524, ext. 218, or faxed to (540) 831-6093. The e-mail address is jmorgan@nrvde.org.
Information is available for public inspection Monday through Friday, 8-5 p.m., at the New River Valley Planning District offices, 6580 Valley Center Drive, Suite 124, Radford, VA 24141.

Comments

comments

You must be logged in to post a comment Login