The Rowan EDC will give a presentation regarding Red Rock Developments' proposed industrial park. Red Rock plans to acquire approximately 380 acres on Long Ferry Road and will build six speculative industrial buildings totaling 2.6 million square feet. These buildings will then be leased or sold to third party job creating companies. The buildings will be done over three phases and the total estimated investment by Red Rock for this project is $198 million.
Red Rock will need to extend water and sewer to the proposed site, as well as make significant improvements to Long Ferry Road. The estimated cost of these infrastructure improvements is $4.2 million.
Red Rock is requesting that Rowan County reimburse them $4.2 million for the infrastructure improvements once the Phase I buildings have job-creating tenants. Red Rock is also asking the County to consider standard incentives for Phases II and III of the project.
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