River Ridge Selling 52 Acres for Large New Commercial Development
JEFFERSONVILLE — Business at River Ridge Commerce Center continues amid the coronavirus pandemic, the River Ridge Development Authority board of directors approved a land sale for a new development.
The board of directors unanimously approved a resolution authorizing Jerry Acy, executive director of River Ridge Development Authority, to negotiate the sale of 52 acres within the industrial park for an undisclosed industrial or commercial development. The board also approved investments totaling $1 million for infrastructure projects.
Monday’s board meeting was presented virtually based on guidance from Gov. Eric Holcomb directing public agencies to present important meetings using electronic formats, and it followed the cancelation of the board of directors’ March 16 meeting due to concerns about social distancing.
According to a press release from River Ridge, the proceeds from the 52-acre land sale are expected to produce $4 million in funding for additional development and operations at the park. Acy said although the pandemic has slowed communications with outside developers and companies over the past month, he is happy to be able to move forward with negotiations for the land sale.
“We are pleased to be able to maintain positive momentum at River Ridge,” Acy said in the press release. “We expect this land sale to bring more major development, create good-paying jobs for our community and generate new revenue for the state and local governments.”
One of the major infrastructure improvements approved by the board includes a $610,000 contract for HWC Engineering Inc. to design and plan the building of two, 2 million-gallon water storage tanks for both current and future development locations. The board also approved a $194,785 contract with Browning, Day, Mullins, Dierdorf to complete construction documents for repairs of the Gateway Lake.