The Maury County Industrial Development Board has postponed a decision on whether to move forward with plans to develop a business park that would cover nearly 200 acres on Bear Creek Pike off Interstate 65 east of Columbia. Kelly Quimby at the Daily Herald has more on the need for partners to commit and the other hurdles county officials must clear.
And these problems don’t even begin to address the problem with the bedrock covering much of the potential site. Harris said the rock and topography present a “huge challenge” to the property’s development.
“We’re going to end up around over $50,000 an acre invested in this property,” Harris said. “We’re going to be able to potentially sell it for around $15,000 (per acre). It takes a lot of commitment from the governments to make that make sense.”
POSTDATA: WARRANTY DEEDS