The Bryan County Board of Commissioners signed off on an agreement between Technology Park Atlanta, the Bryan County Development Authority and Bryan County at its monthly meeting Tuesday.
The Atlanta-based company entered into a private-public partnership with the BCDA to construct a 600,000 square foot building at a cost of around $25 million.
Construction has recently begun on the building, which is located in Phase II of the Interstate Centre at the I-16 and Hwy 280 corridor. It will be a ‘spec’ building available to industry in search of an existing facility.
The agreement lays thefoundation for taking some of the burden off residential tax payers, who currently provide most of the tax base, Chairman Jimmy Burnsed said."The whole idea of the industrial park is to spread out the tax base, because in Bryan County we mostly have residential homes," Burnsed said.
Under the signed agreement, Bryan County is not financially obligated on the borrowing, debt, bonds or the transaction between TPA and the Development Authority, said County Attorney Charles Brown.
First District Representative Ed Bacon said he felt the agreement was a good thing.
"We have a developer stepping up to build a spec building for our county. It’s a draw to get people here. I think it’s a win-win situation all the way around," Bacon said.