Shannon Hill Business Park will benefit from two new grants for access to the property and to complete a water and sewer engineering study.
The state Commonwealth Transportation Board approved a $787,223 grant at their June 23 meeting to pay for the main entrance and roadway into the property, located near Exit 148 on Interstate 64. The funds will also be used to pave a five-foot-wide shoulder on each side of Shannon Hill Road between the interstate and the business park, and to widen travel lanes to 12 feet. In addition, the roadway will get full-depth pavement.
On average, the current travel lanes on Shannon Hill Road are 10 to 11 feet wide, with shoulders of one foot or less, said Marshall Herman, Virginia Department of Transportation assistant communications director. He said it’s not known how deep the roadway pavement is now.
Of the $787,223 cost, the state will cover $643,612, while Louisa County is responsible for the remaining $143,612.
The other grant awarded last week for the business park’s development was from GO Virginia, the statewide public-private partnership. The group allocated $746,000 to Louisa County to help pay for water and sewer engineering. The money is a partial match for the $2.5 million in the county’s fiscal year 2022 budget for this work.
This is the second grant by GO Virginia for the 700-acre park. In 2019, after the county rezoned the property for industrial use, the state entity provided $600,000 for a master plan and traffic study. Richmond-based Timmons Group, the engineering contractor for the James River Water Project, was hired to carry out the plan.
The county paid $2.6 million in 2019 to buy the business park property.
The cost to develop the site was estimated in 2018 at $37 million, including $18.5 million to extend water and sewer infrastructure; $5.5 million for roads; $6 million for utilities; $4.8 million for site readiness and $2.6 million for professional services.