Potential Land Sales Highlight Successful First Half of 2021 for River Ridge Commerce Center
Jeffersonville, IN (June 22, 2021) – During its monthly meeting Monday night, the River Ridge […]
Jeffersonville, IN (June 22, 2021) – During its monthly meeting Monday night, the River Ridge Development Authority authorized Executive Director Jerry Acy to negotiate three potential land deals that would bring new developments, investments and jobs to River Ridge Commerce Center in Southern Indiana. In all, the three deals involve the sale of approximately 35 acres at River Ridge Commerce Center to private developers. The sales would generate about $3.2 million in income. The funding would be used for operations and further development to attract companies and jobs to Southern Indiana.
“This is an incredible way to cap off what has already been a great first half of 2021 at the River Ridge Commerce Center,” Acy said. “We are seeing strong demand for industrial property in our area and across the country. Our central location and ease of doing business make us very appealing to developers and companies seeking to expand.”
During the Monday meeting, the RRDA approved the following purchase/sales agreements:
“We are excited about all three of these opportunities to bring more jobs and investments to Southern Indiana,” Acy said. “River Ridge had a great year of development activity in 2020, and we are poised for an even better year in 2021 if this pace continues.”
To date this year, River Ridge has announced six potential land sales totaling more than 154 acres for new development. Those sales, including the three approved at the June board meeting, would generate approximately $11.37 million to support operations and continued development activity at River Ridge and add about 1.7 million to 2 million square feet of industrial real estate at River Ridge.
The River Ridge Commerce Center has become a source of major economic development for the Louisville-Southern Indiana region. Serving as home to more than 60 companies with over 10,500 on-site workers, the Commerce Center produced a total of $2.5 billion in economic output in 2020 and supported more than 17,500 regional jobs, according to an annual economic analysis.
Continued investment in infrastructure
In other business, the River Ridge Development Authority approved more than $511,165 in investments for infrastructure projects and equipment to support ongoing development at the River Ridge Commerce.
The list of investments approved by the RRDA included:
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