Wayne County Sells Remediated Industrial Land to Thomas Brothers for Housing
What happened
The Wayne County Economic Development Authority sold a 1.88-acre former industrial site in Kenova to Thomas Brothers. The property, which had been vacant since the 1980s, was remediated using EDA funding and grant funding prior to the sale. Thomas Brothers purchased the parcel for approximately $124,000 net, and a 0.467-acre right of way was deeded to the City of Kenova for utilities and public access.
From herald-dispatch.com
Why it matters
The transaction converts a long-vacant industrial asset into land intended for housing development. The sale represents the divestment of a remediated property by Wayne County, which was previously managed by the Economic Development Authority.
From herald-dispatch.com
Who's involved
- Thomas BrothersPurchased the remediated industrial property for housing development
- Wayne CountySold the remediated industrial property via its Economic Development Authority
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Thomas BrothersSpeculative
Thomas Brothers might see increased revenue from the construction and sale of the planned housing units.
- Wayne CountySpeculative
Wayne County might see reduced costs associated with maintaining the vacant industrial asset.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Wayne County
county in West Virginia, United States
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