City may donate 10 acres for corporate headquarters

  Email   Print

The Murfreesboro City Council will consider giving 10 acres of city-owned property to a secret company to build a North American corporate headquarters in the Gateway area and bring 250 jobs here, according to Chamber of Commerce and city officials.

Murfreesboro Post contributor Sam Stockard reports the proposal, which is dubbed Project Lynch and targeted for land on Garrison Drive across from Murfreesboro Medical Clinic, received unanimous approval Monday from the city's five-member Gateway Commission. Work would start on a 164,000-square-foot building in summer 2015 and be completed in fall 2016.

Mayor Shane McFarland estimated the land's value at $4 million based on average values at $5 to $15 per square foot in the Gateway area along Medical Center Parkway. McFarland said he could not give specifics about the company because existing employees are involved.

ADVERTISEMENT



The city's only inducement is the land donation, according to McFarland, who said he is comfortable with the proposal because it will benefit the company and Rutherford County through job creation.

MORE FROM THE MURFREESBORO POST

ADVERTISEMENT



Read more from:
News
Tags: 
corporate headquarters, Murfreesboro City Council, Murfreesboro news, Shane McFarland, WGNS
Share: 
  Email   Print
Related Articles
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: