Valley moving forward with plans to purchase property for new Industrial Park
VALLEY, AL (September 14, 2015)
On Monday, the Valley City Council authorized Mayor Leonard Riley to proceed with negotiations with IEP Valley LLC and WP Properties Lakeview LLC in regards to the purchase of 347 acres of land located behind the Carter/Lanier Mill facility off Exit 77 on Interstate-85.
With the approval of the council, the city can now enter into a 45-day due diligence agreement with the property owners to study the feasibility of a new industrial park located within the city limits of Valley.
The acquisition would be a significant move forward in providing opportunities to attract new industry and increasing employment in Valley and Chambers County. A recent study commissioned by the Chambers County Development Authority revealed that as many as 12,000 residents, or 60 percent of the county’s workforce, out-commutes for employment.
For Mayor Riley, this purchase would provide an opportunity to make a significant impact on that statistic.
“When I was elected Mayor of Valley, one of my priorities was to create an industrial park within the city limits," Mayor Riley said. "I believe that an industrial park provides a unique opportunity to attract industry and high paying jobs back to our city so that citizens don't have to out-commute. It would be a return to the days when Valley citizens worked in Valley because industry was local.”
Focusing on the importance of collaboration, the Mayor stated, “The City of Valley is working in close partnership with the Chambers County Development Authority in all aspects of this important economic venture to bring new industry and good-paying jobs to our citizens.”
“It’s clear in working with the Mayor and Council that there is a distinct vision of where they want the city to be, and they are willing to give us the tools to do our job,” says CCDA Executive Director Valerie Gray. “You cannot create jobs within your community without product, and with the potential addition of this new industrial park, we could have product that will allow us to be more competitive when companies are making decisions on where to locate.”
The city and CCDA will now initiate environmental, cultural and infrastructure studies over the due diligence period to determine how to proceed with the land acquisition. Those studies are to be completed by October 29, at which time a decision will be made on whether or not to complete the purchase of the property.