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Board authorizes transfer of Shannon Hill Regional Business Park to Industrial Development Authority to speed marketing
Summary
Louisa County supervisors voted unanimously to transfer ownership of the Shannon (Shannon/Shannon Hill) Regional Business Park to the Industrial Development Authority (IDA) so the IDA can market and close deals more quickly; proceeds from any land sales by the IDA will revert to the county.
The Louisa County Board of Supervisors on Feb. 18 authorized the county to transfer ownership of the Shannon Hill Regional Business Park to the county Industrial Development Authority (IDA) to improve the county’s ability to market the site and close deals with commercial and industrial prospects.
County staff explained state code requires a public hearing before…
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