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The original item was published from 6/14/2016 10:35:00 AM to 7/13/2016 3:46:34 PM.

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Danville, VA Local Government News and Announcements

Posted on: June 14, 2016

[ARCHIVED] RIFA approves property sale for large project

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During its regularly scheduled meeting on Monday, the Danville-Pittsylvania Regional Industrial Facility Authority (RIFA) approved a purchase agreement with Wilmot Properties, LLC, for a project of regional significance in the Berry Hill Industrial Park in Pittsylvania County. The project will represent a significant private investment in the region, with a value in excess of $250 million. The agreement is for Lot 3B, a 300-acre tract of land located along Berry Hill Road.

Jessie Barksdale, RIFA and Pittsylvania County Board of Supervisors Chairman stated, “This project, from our current understanding, would likely represent the largest single private investment ever in Pittsylvania County. Berry Hill Industrial Park was specifically developed for these types of large projects”.

Sherman Saunders, RIFA Vice-Chairman and Danville City Mayor stated, “It is exciting to know that our efforts and investment in the Berry Hill Industrial Park may result in such a regionally significant project, that would bring good jobs and shared revenue to our region. We look forward to more announcements for Berry Hill Industrial Park in the future”.

Due to confidentiality terms and the early phase of the proposed agreement, there will be no further comment at this time from Wilmot Properties, LLC, RIFA or its staff on the potential project.

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