Twenty acres sitting along Main Street in Blacksburg are ready for development. It has been sitting empty since the Old Blacksburg Middle School was demolished nearly two years ago. Since then, what to do with it has been tied up in talks between the developer, Fiddlers Green Partners, Town of Blacksburg and Montgomery County leaders.
"Every time they had something ready to go for one project, it would change," said Jim Politis, Chairman, of the Montgomery County Board of Supervisors.
The developer of Midtown Village on Friday released plans for the property to include space for local technology companies like Modea, neighborhood shops and restaurants, and mixed-use housing.
According to Politis and a news release on Friday by Montgomery County, revenue generated off of the property could help pay down the debt incurred to build two new schools. The school system would get about $5 million for capital improvements. About $1 million per year would be generated in taxpayer revenue for the county and town.
"The sooner we get going, the sooner we get paid, and the sooner we get paid, the better off it is for the schools, county, and town," said Politis.
On Tuesday, Blacksburg leaders will vote on whether to approve a request to rezone the property to include commercial real estate, which according to Politis could have crews breaking ground by the fall.
Next week is an important one for economic development in Blacksburg.
According to Montgomery County leaders, on Monday, they are expected to lay out plans to rezone the old Blacksburg Middle School site.
The 20-acre property owned by the town and the county is slated to include Modea's headquarters, along with a hotel, and possibly a fitness center.
A town vote on Tuesday, said Blacksburg Mayor Ron Rordam, could begin the process of rezoning the property, which would mean it is one step closer to re-development.