The property is valued at $350,000. It was obtained at no cost by the Cordova Water and Gas Board through negotiations in exchange for services rendered in the past to Warrior River Steel, the land’s previous owner.
The Cordova Industrial Development Board will be responsible for marketing it.
Jack Drummond, chairman of both the Water and Gas Board and CIDB, said city officials have been trying to obtain the site for approximately two years.
Drummond said the area was called prime property during a meeting with Alabama Power representatives last year.
“They said it was the second best site in the Southeast because of the availability of the river and also the rail,” Drummond said.
The site is two miles away from the Interstate 22 interchange and located directly on Warrior River along Horse Creek Boulevard.
Drummond said the city will be able to extend a spur line that crosses some nearby Warrior River Steel property if a developer requests rail access.
Drummond said he is excited about what the addition of the industrial site means for the future of Cordova.
“It gives us the potential to bring jobs into the city. We need jobs in Walker County and Alabama,” he said.
Mayor Jack Scott added that the city has the option of buying some adjoining acres, which would bring the site’s total to 150.
He said that with the availability of utilities and a private loading facility just across the river, the area could be “one heck of an industrial park.”
Scott also commended the members of the Water and Gas Board and IDB for their efforts.
“They’re doing a great job. They’re very active and are on the verge of getting some big things going,” Scott said.