Top

Industrial Park Being Planned

January 22nd, 2018

By LARRY HILLIARD
Gaffney Ledger

View original article

A privately-owned industrial park is in the planning stages.

Cherokee County Council on Tuesday gave the project a boost with a passage on first reading of a tax incentive package.

Plans call for the park to be located on a 300-acre parcel near Bommer Industries and Whelchel Road.

The landowner was not identified at the council meeting.

The land now qualifies for the agricultural use exemption, which typically means the land is taxed between $1 and $1.50 an acre compared to the 4 and 6 percent assessments for residential and commercial parcels.

The landowner wants a tax break on the land while it’s under development, Cherokee County Development Board Executive Director Jim Cook said.

In turn, the county hopes the developer builds a spec building on the site, Cook said.
“This is to minimize his tax burden until the building is occupied and leased,” he explained.
For the time being, council is referring to the proposed industrial park as “Project Peach.”

The Axis Promise
To always keep the needs of our tenants top of mind as we make sound, strategic decisions in order to build and maintain a positive, impactful, and beautiful environment in which your company and its people may thrive.
Be a part of industrial park evolution.
Arrange a Viewing Today
Tamarack Investments is a privately-held real estate investment company based in Atlanta, GA. Tamarack seeks to acquire, develop and reposition various types of commercial real estate projects in the Southeastern United States that have the potential of delivering superior, risk-adjusted returns to investors.