By Trent Moore
The Cullman Times
With industrial property becoming a rare commodity around Cullman, the city has netted a 50/50 matching grant to help fund some infrastructure improvements at a recently-acquired lot of the former Burrow property on County Road 222.
The city has been awarded a matching grant via the Tennessee Valley Authority to install infrastructure at the 67 acre northside property, which officials plan to use as a new industrial site for new or expanding industries.
The total project, which includes sewer, water and electrical access, is set to cost $429,415 — with the city paying for half of that amount and the grant covering the remaining expenses. The city council has already approved a bid with Manning Construction LLC to handle the project.
“That will extend access for the industrial park, which is something we’ve been wanting to do,” city council member Johnny Cook said. “Plus, we also wanted to take advantage of this grant to lessen the cost.”
The city purchased the former Burrow property in 2011 for $1.5 million, which includes a total of 170 acres split across the north and south sides of County Road 222.
Though the south side is set to be the future home of the upcoming Bass Fishing Hall of Fame, officials plan to use the remaining 67 acres on the north side for new industrial expansion.
As the Cullman Economic Development Agency (CEDA) continues to help recruit new industries, and existing businesses continue to expand, industrial property has become a premium in and around Cullman.
Because of the growing scarcity of viable industrial lots around the city, CEDA Director Peggy Smith said the former Burrow property could prove a valuable addition to the area’s industrial offerings.
“Obviously, having infrastructure to a site makes it extremely valauble to shop,” she said. “It’s absolutely critical to any piece of property we hope to show to potential industries. If you hope to bring in new businesses, you must have something to market.”
* Trent Moore can be reached by e-mail at firstname.lastname@example.org, or by telephone at 734-2131, ext. 134.