DeGol project moving forward
By Walt Frank
HOLLIDAYSBURG – Infrastructure should be in place this summer to help attract another tenant or tenants to the DeGol Industrial Center, the former Samuel Rea Car Shop property, in Hollidaysburg.
Blair County Development Corp. III, a division of Altoona-Blair County Development Corp., which owns the property, is advertising for bids for construction of a sanitary sewer extension to serve about 40 acres of developable property at the center.
Bids soon will be sought for waterlines and electrical service, said Marty Marasco, ABCD Corp. president and CEO.
“We have looked at doing this for some time, but now we think it is an appropriate time to move forward,” Marasco said. “There has been some interest in the site so we want to have all of the utilities in place.”
The infrastructure project is being done on speculation.
“You need the infrastructure to market the property. We want to have everything in place. If a client is interested, he wants everything to be in place,” Marasco said. “We may need to repave the existing access road, but we probably won’t do that until we secure a client.”
Blair County Development Corp. III has a master lease with D Holdings Inc., a division of the DeGol Organization.
DeGol is the developer of the property and has been working with ABCD Corp. to find additional tenants.
Joe Hurd, Blair County Chamber of Commerce president and CEO, said the project is good news for the area.
“The DeGols know the area and its potential the best. What they have done is another indication of a local business that sees positive opportunities in this area [and is] willing to continue to invest in what we have here,” Hurd said.
Meanwhile, ABCD Corp. is awaiting word on whether it will receive $1.5 million in funding from the U.S. Department of Commerce’s Economic Development Administration to help construct a new business park in Greenfield Township, which would adjoin the Walter Business Park.
ABCD Corp. has until June 1 to exercise its option to purchase the approximately 140-acre site, which includes about 75 to 80 developable acres.
Mirror Staff Writer Walt Frank is at 946-7467.