CROSSVILLE – The City of Crossville says there’s increasing interest in its Interchange Business Park, and at least one company seems ready to move forward on an 8-acre purchase that could top $200,000.
The city is considering selling the property in question for $25,000 an acre. No other details were released other than that the perspective company would invest more than $1 million. The city was offered $200,000 plus closing costs for the land, located just west of TLD’s truck driving school.
City Manager David Rutherford also said he’s met with a local developer interested in another piece of property at the park for a nearly $1 million structure on 5 acres.
And a perspective international company recently made its second site visit, a “pretty good sign,” city officials said.
“There’s lots of things happening in the community. I don’t know what’s going to happen, but there’s some things fixing to happen at that park that we’ve had for several years,” Rutherford said. “Things are happening; things are moving along.”
The city has been increasingly working with the chamber and county on economic development efforts. The community has landed two deals so far this year – in January, automotive packager, warehouser and distributer SKF said it was moving all its North American operations to Crossville’s CoLinx, investing at least $3.9 million and adding 145 jobs, and Apex Clean Energy, an independent renewable energy company, said it would build a new wind turbine farm there that’s expected to measure as the largest in Tennessee. The project represents an investment upward of $100 million, and when at capacity, will generate power for roughly 20,000 homes each year.
Crossville cites its location, low utility and tax rates and affordable real estate as business friendly features.
Per its website, the city owns 90 acres in Interchange Business Park, located off Highway 127 North.