By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
IDA postpones offer on land
Placeholder Image

Effingham Industrial Development Authority members put off a revised offer from a current tenant in their existing industrial park for another parcel there.

An IDA property committee went over the offer for 30 acres from Bonded Service Warehouse after a previous offer was tabled at the IDA’s January meeting. But the IDA is running out of space in its Effingham Industrial Park, where Bonded Service Warehouse has one building and is putting up another, and board members worried about the future needs of EFACEC and its suppliers.

“It’s the only piece we’ve got in the park to utilize,” board member Arthur Rud said. “There are other people in this game. I don’t want him to feel we’re against him, because we’re not.”

IDA Chief Executive Officer John Henry said the offer from Bonded Service Warehouse was a good one and market-based. But not knowing what EFACEC, the Portuguese manufacturer that eventually employ 600 people at its site in the industrial park, and its potential suppliers may need was problematic.

“There are too many unknowns with it,” he said. “We’re working seven different projects, and Mr. Ghegan deserves his due. But we need to consider those higher job creation and higher level investment (opportunities).”

Bonded Service Warehouse’s first building is 100,000 square feet building and the company has a 112,000 square foot building that is expected to be ready before the end of March. Plans call for a 200,000 square foot building on the third tract.

The IDA has land with the Research Forest Tract and in conjunction with DP Partners at I-16 and Old River Road. But Research Forest Tract is still in long-range planning and the LogistiCenter at Savannah could take seven years for full completion.

“We’re disappointed we don’t have anywhere else for him to go,” IDA Chairman Chap Bennett said. “Unfortunately, we don’t have Research Forest or DP Partners for them to go to.”