X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS, TX-Networking among its own niche industry, Atlanta Economic Development Corp. has obtained a $600,000 loan from the Texas Department of Economic Development for the construction of a 50,000-sf prefabricated metal building in the southwest Texas town of Atlanta, located on the border of Arkansas.

Collateral for the loan will be future earnings from the Atlanta’s economic development sales tax. The Texas agency is funding the project through the Texas Leverage Fund Program. The interior of the building won’t be finished until a buyer or tenant is found.

“Having a shell building will provide a significant competitive advantage in the business attraction process,” Richard Clayton, president, Atlanta Economic Development Corp. board of directors, says in a prepared statement.

Clayton says the loan “provides maximum flexibility for the Atlanta Economic Development Corp. to market the shell building, as well as the remainder of the Atlanta Business Park itself.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.