June 20, 2006

 

Contact: Allen Burns Phone: (803) 785.2305

FOR IMMEDIATE RELEASE June 20, 2006

 

LEXINGTON COUNTY ANNOUNCES PLANS TO DEVELOP FIVE HUNDRED ACRE INDUSTRIAL PARK ON INTERSTATE 26

 

lexington county, sc, jUNE 20, 2006:  Lexington County Council announced plans to purchase and develop five hundred acres on Interstate 26 for the development of a new industrial park. The new park has a premier location along Interstate 26 south of Interstate 77.

 

This park is proposed to be developed on six tracts of land assembled for this purpose. The site is served by rail and has direct access to water, sewer, gas and telecommunications. The new industrial park will have over a mile of interstate frontage and will be highly visible being located near the intersection of Interstate 77 and Interstate 26.

 

Industrial parks are designed to provide space for manufacturing facilities, while having the capability of accommodating large-box warehouse and distribution centers as well as the smaller supply industries and spin-off companies needed for the larger operations.

 

The Lexington County Council is planning to attract some of the larger industries and companies who need the additional acreage to this park. This park is designed to be a true regional industrial park located on Interstate 26. The new park located with Interstate 77 within close proximity would be a prime location for a distribution center, officials say.

 

County Council plans to issue General Obligation Bonds to fund the purchase and improvement of the property. These bonds will not exceed $13 million dollars and will be issued for a period not to exceed fifteen years.

 

Todd Cullum, Chairman of Lexington County Council, said, “County Council has taken a bold step to improve the economic conditions in Lexington County. This decision will create jobs and tax base for our County. A County-owned and operated industrial park is something that we have needed to be competitive in the recruitment of new industries. This site will offer the flexibility to provide smaller parcels to smaller industries while leaving the larger acreage for the bigger operations.”

 

“Lexington County’s new industrial park opens the door for the larger companies," said Johnny Jeffcoat, Chairman of the County’s Economic Development Committee. "The potential is there," Jeffcoat said. "Companies want the four-lane access. A premier site on I-26 will give them four-lane access to Interstate 77 as well. An interstate industrial park is something we don't have in our county. We all see the potential."