Overton spec building nearing completion
Liz Engel Clark
Friday, Oct 26, 2012
A spec building in Overton County stands at 98 percent complete. UCBJ Photo/Liz Clark
Ground first broke on the new state-of-the-art, 50,000-square-foot spec building, which is located off Highway 111, adjacent to lettuce grower Tanimura & Antle in the Overton County Business Park, back in December. Greg McDonald, director of the Livingston-Overton County Chamber of Commerce, said the project is currently 98 percent complete. Some trenching and paving remains. Aside from those minor issues, things are, more or less, ready to go.
“We’ve got about three or four (prospect leads) out there right now. It was a very soft summer, probably because of the election coming up, and companies just don’t know what to do as far as spending yet,” McDonald said. “But we’re ready. This building is ready.”
Overton County received $1.182 million from the Economic Development Administration (EDA) for the building’s construction. An additional $200,000 matching capital outlay note was also approved last year by the Overton County Commission. The building was designed with maximum flexibility in mind, an option more and more businesses are wanting these days. McDonald said its location – 10 miles from Interstate 40 and with access to 111, as well as Overton County’s low tax rate and cost of living, could be positive draws.
A ribbon-cutting celebration is in the works, he said, and will likely take place sometime in November.
Meanwhile, the land surrounding the spec building, 40 acres in total, is undergoing its own site certification with the state. McDonald called that a “high level, very complex process.” So far, phase one – of two – has been completed and a site visit was made recently by the designated consulting firm.
McDonald expects to hear the formal results from that visit soon.
“When companies are looking for acreage to build, if you’re site certified, that puts you at the top of the list,” he said. “That means we’re shovel ready. Everything’s there, everything’s done, everything’s complete. It’s just ready to dig. And that could put us at a competitive advantage.”