Process to purchase land for second High-Tech Business Park underway

27 Oct 2023


News

The Sheridan Economic and Educational Development Authority Joint Powers Board (SEEDA) approved a document outlining its purchase of land intended for the second phase of the High-Tech Business Park on Thursday.

Some of Sheridan’s most prominent employers, including Vacutech, Weatherby and Kennon are located at the first business park.

SEEDA has discussed phase two of the park since 2021, and in 2022 the board conducted a feasibility study to determine the best method for new development.

John E. Rice & Sons offered a 45.29-acre property along Yellowtail Drive, near the existing High-Tech Business Park, for $2.5 million. As part of the proposal, SEEDA would purchase 35 acres and Rice & Sons would gift the remaining 10.29 acres. During its Sept. 28 meeting, the board voted 3-0 to pursue the 45.29-acre Rice & Sons property.

Read the full article here.

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