Sales would generate more than $6.14 million for continued development
JEFFERSONVILLE, IN (November 15, 2021) – The River Ridge Development Authority (RRDA) approved three resolutions to allow Executive Director Jerry Acy to negotiate the sale of 55.8 acres within the River Ridge Commerce Center (RRCC) to industrial or commercial prospects.
River Ridge’s monthly meeting was held for the first time in the RRDA’s new offices, at 300 Corporate Drive in Jeffersonville, Ind. The Development Authority moved into the new office in late October. The building also will house offices for Clark County Government.
With sale prices of $110,000 per acre, the land deals would generate $6.14 million in funding for the RRDA. The funding would be used for operations and further development to attract companies and jobs to Southern Indiana.
The first resolution involves the sale of approximately 15.5 acres on Logistics Avenue. The potential purchaser plans to construct an industrial facility consisting of at least 200,000 square feet.
The second resolution involves the sale of approximately 25.6 acres on Salem Road. The potential purchaser would construct an industrial facility consisting of approximately 300,000 square feet.
The third resolution involves the sale of approximately 14.7 acres in the vicinity of International Drive to Logistics Avenue. The potential purchaser would construct a total of 170,000 square feet of flex space among five buildings, ranging in size up to 50,000 square feet.
“We continue to see strong interest from developers seeking to invest in development at River Ridge,” Acy said. “During 2021, we’ve continued to build relationships with national, regional and local developers to find partners who can help us meet our long-term goals. We want to continue development of a sustainable, world-class commerce center that will provide high-quality jobs, support local economies, and serve as a magnet for new industries and expanded opportunities for Southern Indiana.”
About the River Ridge Development Authority
The River Ridge Development Authority manages the River Ridge Commerce Center, a 6,000-acre business and office park established in 1998 to replace lost economic activity from the closure of a former government installation at the site. The Authority has invested more than $130 million to redevelop about 35 percent of the Center. River Ridge is home to more than 60 companies, such as Amazon, Bose, Collins Aerospace, Enjoy Life Foods, Medline, Optum and PharmaCord. Onsite employment totaled more than 10,500 in 2020, and the Center produced a total of $2.5 billion in economic output and supported more than 17,500 regional jobs. The investments and growth at River Ridge recently earned the RRDA the International Economic Development Council’s Gold Award for Real Estate Redevelopment and Reuse. For more information, visit RiverRidgecc.com.