New business development in Lee County expected to bring growth - WALB.com, Albany News, Weather, Sports

New business development in Lee County expected to bring growth

September 13, 2007

Leesburg -- A new commercial development is in store for the intersection of U.S. Highway 19 and Forester. It will make room for several new businesses in Lee County. "Such as a drug store, a bank, financial institution or anything like that," said project real estate developer, William Hancock.

"This is the beginning of the commercial and industrial growth that we need to survive in Lee County," said state representative, Ed Duffy.

The two-phase plan starts with the construction of 18 units business owners will be able to purchase, all surrounded by a park setting. "And then the retail side, which is a five acre retail site for a grocery store just South of the retention pond," said Hancock. 

But what really has the developers excited is its location. "The demographics are already there. There is about 40 thousand people within a two mile radius of that intersection. It's a well traveled intersection," said Hancock.

But the money that will come in from this business venture will also help keep costs low for Lee County taxpayers. "Instead of raising property taxes, we will get it in ad valorem taxes and sales taxes. And we want the money to come in that way to save taxpayers," said Duffy.

The development will also give incoming businesses a chance to become partners. "They can come out, and instead of paying rent, can come into a condo and buy it themselves and have a free standing building," said Hancock.

Many current Lee business men and women hope this will encourage more growth for the county. Webb Properties expects to break ground on the project by next Spring.

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