875 Acres Under Contract for $14,850/acre


RandolphBackers of the Greensboro-Randolph Megasite reached significant milestones this week in their plans to attract a major automotive manufacturer or other heavy industry.

The Greensboro-Randolph Megasite Foundation has signed a contract with Duke Energy to begin engineering studies to bring power to the site and another contract with an engineering firm that will design a large interchange to connect with U.S. 421.

In an exclusive interview Wednesday, Jim Melvin, the president of that foundation, said his group has signed Zapata-LJB, a preconstruction firm based in Charlotte, to conduct the environmental impact study for the interchange design. The foundation is an arm of the Joseph M. Bryan Foundation. The megasite foundation is using its private funds to pay for the power and road studies.

Just this week, North Carolina Railroad Co. said it soon would close on more than 800 acres it is buying to complete this nearly 1,400-acre site. Melvin also said that, within this quarter, his group would earn megasite certification with private consultant KPMG and the state of North Carolina.


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