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LCDA to discuss budget Monday
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The Liberty County Development Authority is studying a proposed $20 million budget for next fiscal year and the panel will receive public comments and questions Monday at 8:30 a.m.
One of the largest line items in the budget is $4.6 million which the authority believes it can generate from land sales. A 150-acre tract designated for housing workers in the Tradeport projects has an estimated price of 2.4 million.
The authority recently sold property in Walthourville for $53,000 and IDI is expected to pay $1.8 million for 50 acres to add to its Tradeport holdings.
A projected new source of capital is the Tradeport East Property Owners Association. It is expected to pay $20,000 for maintenance of the park's common areas.
Right now the park, which has a total of three tenants, has two property owners' association. Target and the Tire Rack form one, and IDI and the LCDA itself are the members of another.
IDI, Industrial Developments International, buys, develops and then sells commercial property. It has already constructed a large spec building at Tradeport East.
The development authority's regular meetings are the fourth Monday of each month at 8:30 a.m. in its office at 425 W. Oglethorpe Highway.
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