Building begins on business park Officials hope site will increase tax base, but bypass is 'key'

September 28, 1997|By James M. Coram | James M. Coram,SUN STAFF

Carroll County is starting work this week on what officials hope will become a field of economic dreams in Hampstead -- a 16-acre industrial site that will be ready for prospective businesses by spring.

The property, an open field across from North Carroll High School on Hampstead Mexico Road, is phase one of a 400-acre North Carroll Business Park being developed by the county and Carroll County General Hospital.

The park is an important piece of the county's strategy to increase Carroll's commercial and industrial tax base above 12 percent -- the lowest in the Baltimore region.

The 10- to 15-year project is being developed on the theory that "if we build it, they will come," says John T. Lyburn Jr., county economic development director.

It is being modeled after Carroll's Air Business Center in Westminster. The county bought the land for the air center for $2.5 million in 1969 and created a quasi-public industrial development authority in 1980 to market and develop it.

Through this year, the county made a profit of $1.1 million from 16 land sales to 12 companies -- though only about 55 percent of the park has been developed.

The 50 companies in the center employ 950 people, 613 of whom live in Carroll and earn an average annual salary of $25,527. The county and the city of Westminster net $242,430 annually in real estate taxes from businesses at the center and another $312,960 in local income taxes from workers there.

Lyburn expects the North Carroll Business Park to generate similar numbers.

The county Industrial Development Authority is again involved, spending $750,000 to grade the first 16 acres and develop the site with water, sewer and about 300 feet of roads.

Site plans were submitted to the county's development review office Friday. Approval is expected within 60 days.

Phase one expectations

The county Economic Development Department has put for-sale signs on the property. County business development manager Paige Sunderland will begin "target marketing" the site for $75,000 an acre in about two months. She expects to sell out the first 16 acres within three years.

Sunderland will target companies similar to Ingersoll-Dresser Pump Co. and Taney Corp. in Taneytown -- "clean" manufacturers that will employ about 200 people in a building of 100,000 square feet or more.

Lyburn said the 16-acre first phase of the business park could house 1.8 million square feet of office space using "traditional parking ratios."

That translates into 18 companies the size of Ingersoll-Dresser and Taney.

After the first phase is developed, Lyburn expects two other park properties of about equal size and with frontage on Hampstead Mexico Road to follow.

'Key to the whole site'

"We're not going to be able to market past those three sites until the Hampstead bypass is built," Lyburn said. "The key to the whole site is the bypass."

Although the bypass has been on the State Highway Administration drawing board for about 20 years, Lyburn expects it to be finished in five to 10 years -- a prediction shared by $H Hampstead Mayor Christopher M. Nevin.

Nevin gave his prediction to members of the county Economic Development Commission last week, telling them that the state has authorized $2.5 million for the bypass project in July, and is expected to authorize another $2.5 million next year.

Lyburn believes the county will have little trouble attracting businesses to the park. It has railroad service and is about 10 miles from Westminster and Interstate 795.

Furthermore, Sunderland said, "its proximity to both Pennsylvania and Baltimore is good" for marketing.

The first 16 acres to be developed are adjacent to Ridge Engineering, and the park is about two miles from Black & Decker Corp. and Jos. A. Bank Clothiers, two of Carroll's largest employers.

'More than its share'

In addition, the county is attracting "more than its share of new business right now" in the Baltimore area, he said.

"When the County Commissioners made [economic development] their No. 1 priority, it revved up our whole marketing effort," Lyburn said.

"They want every [government] department involved. Lots of people are calling, saying so-and-so is looking. We're hearing from prospects. People are calling."

And buying.

The county absorbed another 45 acres of commercial and industrial space in the past year compared with an average absorption rate of 10 acres a year for the previous five years, Lyburn said.

The new businesses added $51 million to the county's industrial and commercial tax base, created 1,600 jobs and added $543,000 in property taxes to county coffers, Lyburn said.

He predicts the county will do even better this year, adding another $60 million to its commercial and industrial tax base.

Goals

Lyburn's goal is to have something to offer every prospective business.

The North Carroll Business Park, for example, is being designed to attract businesses that need 100,000 square feet or more of manufacturing space. The West Branch Trade Center north of Westminster is looking to attract biotech and other high-tech manufacturers needing less than 100,000 square feet of space. And the Commerce Center on Route 97 near Kriders Church Road north of Westminster is designed for businesses wanting to rent 1,000 to 30,000 square feet of space.

All will be included in brochures Lyburn and Sunderland are preparing and expect to deliver personally to commercial real estate brokers in Baltimore this fall.

Pub Date: 9/28/97

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.