Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, February 19, 1993 TAG: 9302190266
SECTION: CURRENT PAGE: NRV-1 EDITION: NEW RIVER VALLEY
SOURCE: MICHAEL STOWE STAFF WRITER
DATELINE: DUBLIN LENGTH: Medium
INDUSTRIAL PARK PLANNED AT PLANT SITE
Town officials have reached an agreement to buy a portion of the Burlington Industries Inc. site in Dublin for an industrial park.Town Council still must approve purchase of the Burlington Transportation Terminal for $650,000.
There will be a public hearing Monday to discuss financing of the site, which includes 10 shell buildings - each about 10,000 square feet - on 101 acres off Virginia 682.
The town plans to secure financing through the Farmers Home Administration and First National Bank of Dublin.
"We've been working for some time to try and buy this property," Town Manager Gary Elander said. "What we want to do is build Dublin's first industrial park."
Burlington Industries operated a trucking terminal on the site from 1948 to 1990, when it was closed as part of a companywide consolidation.
Elander said that Del. Tommy Baker, R-Radford, was one of the primary negotiators with Burlington Industries.
"The initiative undertaken by the town of Dublin should be applauded and assisted in every way possible by local officials," Baker said in a news release.
Elander said Pulaski County officials also have aided the town by funding topographical surveys on portions of the site.
The shell buildings will be marketed to small and medium-sized companies in a combination of warehouse and production space.
Mayor Benny Keister said that in the past the town has talked with companies interested in locating at the site, but had been unable to encourage them because it didn't own the property.
Six of the 10 buildings are being leased as storage space. Elander said he doesn't know if those tenants will remain after the town purchases the buildings.
***CORRECTION***
Published correction ran on Feb. 20, 1993.\ Because of a reporter's error, a story in Friday's Current about a proposed industrial park in Dublin gave the wrong name for the bank that would help with financing. The town will use The National Bank of Christiansburg.
Memo: Correction