Monday, May 2, 2011
© Copyright 2013
Albany Herald
Photo by J.D. Sumner
ALBANY, Ga.: Members of the Albany -Dougherty Payroll Development Authority voted Monday to allow Coats & Clark to rent storage space at a vacant industrial site following a mechanical malfunction at the company's Albany plant.
Under the lease agreement agreed to Monday, Coats & Clark will rent about 21,000 square-feet of space at the former MacGregor Golf building for $1,800 per month and about one-third of the utilities, Albany-Dougherty Economic Development Commission President Ted Clem said.
Clem said he's been told that Coats & Clark will use the facility for about six months.
"It's a way for us to gain some income but the big thing here is that we're able to help an existing industry during a time of need," Clem said.
Clem said that marketing efforts on the EDC's behalf meant to help find a permanent tenant won't cease, but that Coats & Clark has asked for a 60-day notice if one is found.
"I think that's important," PDA Chairman Jeff Sinyard said. "If we're blessed to have someone move in permanently, that they understand that."
More like this story
- Coats & Clark plans to rent part of MacGregor facility ( May 2, 2011 )
- EDC: Progress being made despite challenges ( April 21, 2010 )
- EDC prepares for sales tax talk ( February 17, 2010 )
- EDC's Clem 'excited' about prospects for economy ( March 4, 2011 )
- Equinox to expand again; take over former MacGregor Golf building ( December 20, 2011 )
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