Aiken County Council will consider whether to execute a land transfer and development agreement today.
The agreement between the County and the Economic Development Partnership of Aiken, Edgefield and Saluda counties is for a speculative building in the Sage Mill Industrial Park.
The idea is to construct the building to attract more business and industry to the area.
Sage Mill Industrial Park is located in Graniteville, near the new Bridgestone plant.
The spec building would sit on more than 1,000 acres, and consist of four walls and a roof, saving a potential future business months of construction time. The spec building would be about 100,000 square feet and would have the potential for future expansion.
“It can be sold to whomever ... this is to really have a building marketable for the next industrial prospect,” Aiken County Administrator Clay Killain said. “The building itself will be easy to expand.”
The Partnership approached Council earlier this year with the building's proposal, and Council voted to authorize a loan through Santee Cooper Power for the Partnership. The low-interest loan is for approximately $3.2 million through the power company, not Aiken County.
Aiken County had to authorize the Partnership's loan application because the County will act as a backing agency. That means if the building doesn't get sold or leased, the County could be responsible for a portion of the loan.
Council will hear the ordinance to authorize the execution and development agreement on first reading, and the item will have to go through two more readings and one final reading before its acceptance.
The public meeting will start at 7 p.m. in Council Chambers on the third floor of the Aiken County Government Center, located at 1930 University Parkway.
Maayan Schechter is the local government reporter with Aiken Standard.