Moving Forward On New Morgan County Industrial Park
The first phase of the Morgan County Industrial Park is underway, says Jeremy Nails, President and CEO of the Morgan County Economic Development Association. A $15 million bond has been issued to build the site, and municipalities within the district have agreed to use their in-lieu-of-tax payments from TVA to repay the bond.
Nails says the site near the Thompson Road/I-65 interchange will be developed in four phases; the northwest quadrant is phase one. The Morgan County Cooperative District, the authority formed to oversee the industrial park, has already acquired the majority of the land for the first phase, he reports.
Phase one will include eight to ten various size lots, and Nails says they purposefully are not predetermining lot sizes. “We didn’t limit ourselves or potential industries by dictating lot sizes,” he explains. “We gave flexibility for planning in all directions.”
What’s next? “We are finalizing engineering drawings for the roads, and working with Joe Wheeler EMC to move the electric lines,” says Nails. Hartselle Utilities is overseeing the project to extend sewers to the site. The infrastructure should be complete within six to nine months, provided the weather is good, Nails says.
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