NITRO, W.Va. -- A large parcel of land located behind Nitro Marketplace has been placed on the market for development, Old Colony realtor Jarrod Bowles announced at the Nitro City Council meeting Tuesday evening.
The property, directly behind Lowe's and Electric Beach Tanning Salon, has a "serious slope," Bowles said, and structures could not be built on it "as it is."
The plan is to level it out into "45 flat acres plus or minus" at a cost of $5 to $7 million, he said.
"Forty-five developable acres will hold a lot," Mayor Dave Casebolt said. "The potential benefit to the city is unbelievable."
According to Casebolt, the city will seek the aid of the state Department of Commerce's Development Office to help attract a large investor.
"It's important to note that Nitro has more developable property that anyone and is centrally located between Charleston and Huntington," Casebolt said. "With the tax incentives already in place and interstate access, Nitro Marketplace is a great place to invest."
In regular business, council accepted the recommendation of committee chairman Al Walls to purchase a used 1995 Vermeer Diesel 1230 wood chipper at a cost of $10,000, which will be paid for over 10 months, interest free.
Councilwoman Brenda Tyler, who cast the only negative vote, voiced concerns that there is no warrantee offered on the chipper.