Ball Corp. agrees to purchase approximately 109 acres for a mammoth regional distribution center
Just over two years ago Ball had agreed to purchase 67 acres in the Northwest Regional Industrial Park, off Ga. 53 in Shannon, for future growth. However, the site owned by the Gordon County-Floyd County Joint Development Authority ultimately did not meet the company’s needs.
The Rome-Floyd County Development Authority and Development Authority of Floyd County agreed to the new deal Tuesday morning.
It will lead to a 750,000-square-foot warehouse and distribution center on the property. Ball’s investment in the new facility is expected to be $51.8 million and create 70 new jobs over three years. Ball has a major beverage container plant and a new recyclable aluminum cup manufacturing plant less than five miles from that site.
The company will pay $35,000 per acre for the parcel. A cell tower and easement allowing access to the tower is located on the western side of the tract. It is not included in the sale.
Ball will make a payment in lieu of taxes, amounting to $64,813 annually for 10 years, to the Rome-Floyd County Development Authority. The first three years, the company will receive a 100% tax abatement. The next three years Ball will get a 75% tax break, then a 50% tax break for years seven though nine and a 25% break in year 10.