ECONOMIC DEVELOPMENT NEWS
Funding comes together for Mt. Carmel Road
Innovative ways to kick-start
construction of Mt. Carmel Road at Chickasaw Trails Industrial Park were
brought before the Marshall County Board of Supervisors
last week. Mt. Carmel will be the main access road to the industrial park.
The recent sale of 140 acres adjacent to the new Exel facility has brought
$140,000 to IDA accounts, according to Bill Renick, director. The IDA board
wants to plow that money back in to building Mt. Carmel Road in time for
the construction season this year, he said.
Renick asked, and the board approved, $122,000 of in-kind services from the
county road department. That would cover the cost of clearing and grubbing
which precedes construction. Engineering work could be started earlier, he
said.
Cost of construction of Mt. Carmel Road is expected to run over a half million
dollars. Renick said IDA has commitments for $250,000 from the Appalachian
Regional Commission, $150,000 from DIP (Development Infrastructure Program)
funds, and the $140,000 IDA just made in the land sale.
Board approval of $122,000 in in-kind clearing work gives Renick the leeway
to start the engineering work.
-The South Reporter