NATCHEZ, Miss. -- A portion of the former International Paper property is now under option with a major player in the Tuscaloosa Marine Shale.
Natchez Inc. Executive Director Chandler Russ tells The Natchez Democrat (http://bit.ly/1tNL9ov ) the transaction comes with the promise of 20 jobs.
The Adams County Board of Supervisors voted Thursday to approve a one-year option for 50-acres of the 478-acre county-owned industrial site, which was purchased in August 2013 for approximately $9 million.
Board attorney Scott Slover said the details of the option were protected under economic development law, but the price for the option was of "good and valuable consideration" for the county.
Russ says a more formal statement about the deal from the company itself should be forthcoming early next week.
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