Isle of Wight eyes return on investment for park’s third phase

January 25, 2010

© January 25, 2010

By Michael Schwartz | Inside Business

As the story goes, 10 years ago Isle of Wight County decided it was important to “get in the economic development game.”

That’s how the county’s director of economic development, Lisa Perry, tells it.

So a plan was devised to get into the game by creating a giant commerce park, taking advantage of the wealth of land in the surrounding area. Using taxpayer dollars, the county went to work.

Fast-forward to 2010 and the county now believes its Shirley T. Holland Intermodal Park carries enough clout that a private developer will want to come in and buy and build out the park’s 1,000-acre third phase.

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