Wednesday, December 23, 2009

Midway Station's would-be developer gets another year to close his purchase of failed industrial park

"Developer Dennis Anderson will have another year to close on purchasing the Midway Station property," the failed industrial park on Interstate 64, Stephen Burnett reports in the lead story in today's edition of The Woodford Sun (not available online).

Anderson got an extension to Dec. 1, 2010, after he cited "lackluster economic conditions" and "the necessary replacement of many utility lines on the property, which will delay the final development plan," Burnett writes, based on discussion at the Dec. 18 meeting of the Woodford County Economic Development Authority, which owns the property.

The fact that Anderson is cutting down dead trees that would be in the way of streets in his development plan shows that he is still serious about the project, EDA board member Malcolm Endicott said at the meeting, "though more details must be worked through," Burnett writes.