Update (October 29, 2017): Efforts remain ongoing as the participant localities, in consultation with their respective legal counsels, continue to work out details for the necessary bylaws and agreements that will govern the function of this new RIFA. Once the “framework” is complete, each governing body must formally approve membership and participation in the RIFA under the stated terms. We will update this page as more information becomes available.
New Banner Heralds Inception of Industrial Facility Authority
February 23, 2017
Displayed beside the Virginia Flag, a banner identifying the soon-to-be Staunton River Regional Industrial Facility Authority (SRRIFA) speaks of a developing partnership between Hurt, Altavista, Danville, Pittsylvania County, and Southern Virginia Multimodal Park (SVMP) that is to focus on bringing jobs to the SVMP and breathing new life into the Staunton River region’s economy. A press release detailing this afternoon’s Letter of Intent (LOI) signing ceremony is available.
Photo courtesy of Jane Ward Johnson
A new sign appeared at the former Burlington Industries property in Summer of 2016 to announce a re-branding of the site. Samet Corporation, a top-tier industrial development firm headquartered in North Carolina, plans to promote and develop the approximately 800-acre tract into a 21st-Century industrial/commercial business park.
Samet recently published a brochure on their website, advertising the newly-named Southern Virginia Multimodal Park (SVMP) to the world. A listing of their corporate parks, including a downloadable PDF of the brochure, has been provided here for convenience.
SVMP has since received increased attention, as state officials are considering it as a location for Virginia’s second inland port. Town and county officials, along with private enterprises including Samet, are working diligently with the Commonwealth to facilitate this concept becoming a reality. A feasibility study is underway, the results of which are not yet available.
Page last updated: Sunday, October 30, 2017 at 9:27 PM