Cookeville – The Putnam County Commission approved the purchase of two lots in the Highlands Business Park by Hollingsworth Company (HC) Monday evening. The two lots are designated as a portion of lot A1 and lot G.
Since Highlands Business Park is jointly owned between the city of Cookeville and Putnam County, any action must be passed by both the County Commission and the City Council before movement can be made on a project. With the approval by the Commission, HC can now start the motion of purchasing the lots. HC looks to construct two, start of the art, industrial facilities in order to attract businesses to the area.
Putnam County Mayor Randy Porter understands how important those facilities will be for the county, the economy and the people of the community.
“It is extremely important,” said Porter to the Upper Cumberland Business Journal. “Most businesses looking to come to Putnam County are wanting an existing building they can move into immediately.”
Hollingsworth Company previously constructed the Ficosa facility. The lots consist of 15.59 and 18.76 acres, respectively. The purchase price for lot A1 is $545,650 while lot G will cost $600,320.
The action was passed unanimously.