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Lexington SC Real Estate Update 12-12-2009 – Exit Real Estate Consultants

Lexington SC Real Estate Update 12-12-2009

 
Here's another area update for you to take a look at.  As usual, my source for all this great information is the great publication of the Lexington Chronicle.  It has some great information this week that could impaact your Lexington SC Home For Sale or Irmo SC Home For Sale.  If you are buying a home in the Lexington SC or Irmo SC areas, I hope you find this information helpful !
 
$20.3 million in investments planned - Three companies plan to invest $20.3 million in Lexington County.  The companies want the county to give them a 6% fee-in-lieu of taxes instead of the normal 10.5% industrial tax rate.  Flextronics of America plans to invest $12 million in the Solectron Corp. complex in the Columbia SC  Metro Airport Enterprise Park. The number of jobs this will create was not released.  Flextronics designs, builds, ships and services electronics in 30 countries on four continents.
 
Husqvarna Professional Products and Midway Logistics plan a $8.3 million investment, creating 33 new jobs here.  Midway Logistics would lease Husqvarna a 176,400 square foot facility in the Lexington-Calhoun counties industrial park.  They make forestry, lawn and garden and construction products.
 
Lexington plans more parking downtown - Lexington Town Council voted to buy the old Lexington Interfaith Community Services property on North Church Street for future surface parking downtown.  The town had set aside $2.3 million in 2007 for a parking structure to go along with a hotel, shops and restaurant that attorney Bert Dooley has been trying to finance.  Monday the council voted to use $1.44 million to buy the North Church Street properties including the old LICS building in the former Liverman Hospital and use the remainder of the money to pave it for parking.
 
$1 million for Chapin athletics - The Irmo-Chapin Recreation Commission wants to borrow $1.03 million to buy 30-40 acres for athletics in the Chapin area.
The commission is retiring debt and would sell the bonds for a similar amount.  This will not raise property taxes, sale Elizabeth Taylor of the Irmo-Chapin Recreation Commission.  The commission has not yet identified the land.  If we can buy it for less than the $1.03 million, we will use the remaining money for maintenance and repairs of the other facilities.
 
County transit committee urged - County officials want government and business leaders to identify future public transportation needs.  The public transit planning committee was recommended after the county held a transit summit at the Lexington Town Conference Center October 16. "Lexington County needs transit to address issues of growth, traffic congestion, economic development, air quality and quality of life," Lill Mood of Chapin wrote in a summary of the summit's findings for Lexington County Council.  The summary included four recommendations:
  • County Council should appoint a committee of council members and citizens to explore solution.
  • The committee would recommend to the council steps to take and means of accomplishing them.
  • The committee would study Charleston County's methods of paying for public transit and road needs.
  • The county should sustain the limited transit now serving the county.
 
48 unit senior complex planned for Lexington County - More senior housing is set to come to Lexington.  Lexington Town Council gave initial approval Monday for a 48 unit senior apartment complex on Library Hill Lane behind the Lexington Library.  Pebble Creek will offer apartments to anyone 55 years old or older, developers told council.  An on-site beauty salon is also planned for the three story complex.