The Traco Building in the Decatur County Industrial Air Park
The Traco Building in the Decatur County Industrial Air Park
 

Archived Story

IDA to buy Traco building, lease to new industry

Published 12:39pm Friday, May 17, 2013

The Bainbridge-Decatur County Industrial Development Authority voted unanimously Thursday to pursue the purchase of the building in the Decatur County Industrial Park formerly occupied by Traco.

The Authority would then lease the building to Global Air, Inc., a manufacturer of automotive air-conditioning components and a supplier to every major automobile manufacturer in the world. Global Air is a privately held company based in Miami Gardens, Fla.

Initially, the company would employ roughly 75 people. After two planned expansions over the course of a few years, the staffing would increase to roughly 250.

“We are excited that a company the caliber of Global Air has expressed an interest in investing and expanding to Bainbridge and Decatur County,” Authority Chairman Keith Lyle said. “It is now our job, as a development authority, to do everything possible to complete this transaction and help Global Air begin operating here.”

The purchase price of the 177,970-square-foot building on 27.8 acres is still being negotiated. The Hart Corporation has the property listed for $1.95 million.

During the same meeting, the Authority voted unanimously to ask the Decatur County Board of Commissioners to extend a 10-year property tax abatement to Global Air. After the initial 10 years, the company would begin paying some property taxes, although it would increase its payments gradually. In year 11, the company would pay 10 percent of what it would normally be assessed on its property tax bill. In year 12, the company would pay 20 percent of its normal assessed tax bill, year 13 would be 30 percent, and so on until 100 percent in year 20.

“We intend on offering an aggressive tax package as an incentive for Global Air to locate and operate here,” Authority Executive Director Rick McCaskill said. “In this current competitive climate, this type of incentive is necessary.

“That front corner of the industrial park where the building is located is important and we are excited that a great company like Global Air could possibly locate there.”

Since last fall, the warehouse portion of the building has been used for dry peanut storage. However, the process of removing the peanuts and clean up of the building has begun and is expected to take 60 days.

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2 responses to “IDA to buy Traco building, lease to new industry”

  1. R Rogers

    Great to see new industry coming to Bainbridge. Maybe soon we will see some of the franchised restaurants also come to town. I was going around Thomasville the other day, had not been there in years and saw they now have a Red Lobster and a Olive Garden. Along with Industry comes the franchised restaurants that see enough money in our county that means they can build, and stay in Decatur County. We hope Global Air comes to Decatur County before it gets stopped by someone saying. The building will cut off a road(factory behind Stone’s).

  2. Joe Robinson

    I agree. I like to see Industry like this moving into the county. It’s a great thing for all the small business owners in the community. It also gives young kids some glimmer of hope that they will not need to move to far from home in order to have a good career. Great job on landing that one Development authority. We look forward to seeing more of these industries.

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