The Monroe County development authority is buying back 8 acres in its Hwy. 18 industrial park after one of three companies planning to build concrete plants in Forsyth this year apparently backed off its plans.
The authority agreed at a called meeting on Thursday, June 13 to buy back the land from David Whitaker of Southern Ready Mix for $160,000.
Authority chairman Tom Baugh said with two other concrete companies already building plants in Forsyth, he thinks Whitaker may have gotten cold feet. Whitaker had not turned any dirt on the property since buying the land that fronts Hwy. 18 in February. The lack of activity triggered a reverter clause that allowed the authority to buy back the property.
“We thought he was going to create some jobs and put some capital in the ground,” said Baugh. “In the long run, we’ll be better off this way because we have a large tract of land to sell.
Fowler Flemister of Milledgeville is building a concrete plant off College Street behind Etheridge Heating and Air and Reames Concrete is building a concrete plant inside the Hwy. 18 park.