In a recent meeting of the Kennedale Economic Development Corporation (EDC), city officials took significant steps toward revitalizing a long-vacant property and enhancing local business opportunities. The EDC approved a contract for consultation services with CPT Consultants, aiming to streamline the development of a new website that will provide essential information about local properties, including a key site at 600 West Kennedale Parkway.

The property, which has been owned by the city since 2009, spans approximately three acres and has faced challenges in attracting buyers. Despite its current valuation of around $116,000, previous offers have been disappointingly low, ranging from free to $5,000. However, a new proposal from developer Adeline Pennington has emerged, offering $25,000 for the property with plans to construct a car wash and potentially a retail strip center.

During the discussion, EDC members emphasized the importance of this sale not just for immediate financial gain but as a catalyst for future development in the area. The proposed sale includes a 380 agreement, which would provide tax incentives to the developer contingent upon the construction of the car wash and other retail establishments. This agreement aims to stimulate economic growth and increase tax revenue for the city over the long term.

Members expressed a sense of urgency to move forward with the sale, noting that the property has been a financial burden for the city for years. The EDC's goal is to transform underutilized land into productive business sites that can contribute to the community's growth and prosperity.

As the city continues to seek ways to enhance its economic landscape, the approval of this sale marks a pivotal moment in Kennedale's efforts to attract new businesses and improve local services. The EDC remains committed to fostering an environment where development can thrive, ultimately benefiting residents and the broader community.