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County agrees to fund portion of due‑diligence for Carolina Center industrial park, pending town reimbursements
Summary
Chesterfield County approved applying for a Department of Commerce due‑diligence grant for the Carolina Center Industrial Park; as a tier‑three county it would cover 25% of costs (about $43,187.50 after a $10,000 Duke Energy match) with towns of Cheraw and Chesterfield agreeing to reimburse the county upon sale.
Economic development staff asked council to authorize applying for state due‑diligence funds to make the Carolina Center Industrial Park market‑ready. Miss Leer told council the county would be responsible for 25% of the project cost because Chesterfield is a tier‑three county; Duke Energy provided a $10,000 match toward the county share.
Staff and council discussed county interest in the building, prior funding sources (including tobacco settlement proceeds and prior park sales), and constraints at the site — notably limited natural gas availability — which may limit some prospective users. Council members noted the county holds a partial interest in the building and that towns had agreed to reimburse the county for its due‑diligence outlay when property sells.
After questions about ownership, reimbursement and the economic benefit of completing due diligence to speed marketing, council approved the recommendation to proceed with the grant application and to fund the county’s portion with an understanding the towns will repay their shares on sale.
