Rome Floyd Development Authority consolidates Adairsville Highway tract with 11 acre purchase
In order to make a piece of land more marketable for business development, the Rome Floyd Development Authority approved the purchase of an 11.39-acre tract of land near Highway 140 and Prosperity Way on Tuesday.
That tract of land will be joined with another 12-plus acres that front Prosperity Way already acquired by the authority.
“It takes a dogleg piece of property and makes a great site at the corner of 140,” RFCDA Chair Jimmy Byars said.
The authority approved the $250,000 to purchase that property, already zoned for heavy industrial during its December meeting on Tuesday.
The property is located just south of the massive Lowe’s Regional Distribution Center.
Floyd County Manager Jamie McCord also informed the board that the purchase of 202.34 acres of land from the Braden family along U.S. 411 was finalized recently.
“The Braden family was exceptional to work with,” Floyd County Commission Chair Wright Bagby said.
The total purchase price of $4,196,800 will include the payment for a structure on the property and was funded by the 2013 and 2017 SPLOSTs.
As part of Tuesday’s meeting, the authority President/CEO Missy Kendrick told the board they have applied for a $500,000 EPA brownfields assessment grant and expect to hear back by April.
The development authority is also planning to hold a full-day strategic planning session on Friday, Feb. 18.
Since it’s the last meeting of 2021, the board recognized Cassandra Wheeler, Georgia Power’s Northwest Georgia regional director. Wheeler will roll off the board and Harbin Clinic CEO Kenna Stock will take her place.