As they move forward in developing the Shannon Hill Regional Business Park, county officials have opted to retain Timmons Group as their consultant.
The Louisa County Board of Supervisors voted April 1 to hire Richmond-based Timmons to conduct master planning for the roughly 700-acre property, including the next phase of environmental study and recruiting potential business tenants.
The details of the county’s contract with Timmons were not available at press time. The board made the funding contingent on a grant from Go Virginia, the state economic development initiative. The county is expected to compete for a state grant of at least $200,000 when the Go Virginia board meets in June.
“We’re trying to leverage the money we spent to buy the property to get any state grants that are out there,” Andy Wade, the county’s economic development director, said at a Go Virginia regional board meeting in February. The supervisors paid $2.6 million for the 700 acres.
Timmons was responsible for due diligence at the Shannon Hill property in 2018, including a wetlands analysis and phase one environmental site assessment.
The 2018 contract for the first phase of due diligence at the property included billing by the hour, with varying rates based on the nature of the work.
The county paid $99,393 for this work, according to County Administrator Christian Goodwin. The figure includes about $16,000 paid to Mangum Economics, a Timmons subcontractor, for an economic analysis.
Timmons’s task now is to begin to transform a property that is primarily forest land into one that is almost ready for a business to move in.
(Article by David Holtzman)
This is a partial article. Read the full story in The Central Virginian’s April 4, 2019 issue.