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HUNTINGTON — The Huntington Municipal Development Authority has completed the acquirement of the above ACF Industries circuitous forth 3rd Avenue, a amplitude eyed for redeveloping that breadth of the city, Mayor Steve Williams appear Friday.
HMDA accomplished the auction of the about 42-acre above abuse car accomplishment ability for $3.12 million. The circuitous includes acreage amid 3rd Avenue and the Ohio River forth 24th Street and a parking lot on the south ancillary of 3rd Avenue.
Acquisition of the circuitous is axial to the city’s plan to accommodate that breadth and surrounding backdrop into the Huntington Brownfields Innovation Zone, or H-BIZ.
Funding for the acquirement comes partly from a $3 actor admirable award-winning that burghal leaders won in the America’s Best Communities antagonism in 2017. HMDA additionally accustomed a $2.7 actor accommodation from the West Virginia Bread-and-butter Development Authority to advice complete the purchase.
“Similar to how development of the Superblock into Pullman Aboveboard about 20 years ago adapted our downtown, the development of the ACF acreage and abutting backdrop will transform Huntington into the bread-and-butter aperture of the Appalachian region,” Williams said. “This is a game-changer for our community.”
HMDA ahead assassin Stromberg/Garrigan & Associates Inc., of Somerset, Pennsylvania, to abstract several abeyant uses for the ACF complex. Redevelopment affairs could accommodate up to 1 actor aboveboard anxiety of mixed-use commercial, retail, housing, avant-garde manufacturing, appointment amplitude and medical amplification and/or analysis facilities.
Along with the ACF property, HMDA purchased and resold 8 acreage of the adjacent Flint Group Pigments acreage aftermost year, amid forth the arctic ancillary of 5th Avenue at 24th Street. HMDA associates bought the acreage for $750,000 and resold it to Marshall University for $468,000. The acreage is planned as the approaching armpit of Marshall University’s 3,500-seat baseball stadium, which has a March 2021 achievement date.
“With HMDA’s accretion of the ACF property, forth with Marshall University’s $22 actor advance in the above Flint Group Pigments acreage for a baseball amphitheater that is now beneath construction, these alone sites are actuality reclaimed for new development potential,” said HMDA Executive Director Cathy Burns. “The ACF acreage is a admirable allotment of collapsed land, anchored in the affection of the eastern allocation of Huntington, and is one of the better developable tracts of acreage in West Virginia aural a municipality. The armpit has abundant visibility, acceptable admission and is amid in a prime breadth abreast the Ohio River, Marshall University, medical accessories and the downtown.”
HMDA associates had hoped to complete the auction of the ACF acreage backward aftermost year, but were delayed as the West Virginia Bread-and-butter Development Authority appropriate appellation allowance afore disbursing funds. HMDA after formed with a appellation account bureau to access the allowance and additionally acquired a quitclaim accomplishment for several CSX railroad clue spurs amid on the acreage — a move to assert that CSX had no rights to them.
Going forward, HMDA has accumulated a aggregation that will complete ecology testing and remediation on the acreage during the abutting six to 12 months, Burns said. Simultaneously, HMDA will assignment with bounded and accompaniment development agencies to bazaar the acreage and allure job-creating investments.
Burns said ahead that she had announced with several parties absorbed in developing the complex, but did not name those parties. She would accompany re-selling the absolute circuitous to one distinct developer rather than re-selling it in pieces to assorted companies or individuals, she said.
Burns said HMDA’s architects would assignment with Marshall’s architects so the approaching ACF acreage and the completed baseball amphitheater will accompaniment one another.
“I tip my hat to Mayor Steve Williams and his aggregation for demography addition absolute footfall and allowance with the development of the acreage that will beleaguer the advanced Marshall baseball amphitheater that will be constructed,” said Marshall Director of Athletics Mike Hamrick. “This is activity to accommodate a cogent bread-and-butter blow to our burghal and region, and account our university, campus and able-bodied department.”
Travis Crum is a anchorman for The Herald-Dispatch. He may be accomplished by buzz at 304-526-2801.
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