SHEFFIELD, Ala. (WHNT) – In an unprecedented move, the Tennessee Valley Authority has decided to auction off hundreds of acres of land in the Shoals.
This has Shoals leaders who are looking for new sales tax streams for their cities, extremely excited.
“I can’t even put into words what it would do for our city,” said Sheffield Mayor Ian Sanford.
Sanford said he was overjoyed to see signs going up along Hatch Boulevard and Second Street this past week.
As the signs say, this is the first time TVA has auctioned off property that belongs to the Muscle Shoals Reservation.
“It’s not like go clear cut it and have all asphalt, concrete and buildings,” explained Sanford. “It would be kind of a green space which we would love. It would keep some of the nature out there.”
TVA has set aside 1,000 acres that will go up for auction in the first quarter of 2014.
Its land that is not in use, and Sanford said it’s primed for some much needed commercial retailers and light industrial development.
“We are kind of dependent on this happening to be able to increase our sales tax in a significant manner, and that’s what drives it,” stated Sanford.
TVA has been working with Shoals leaders for over six years to bring this auction to reality.
As it stands right now, Mayor Ian Sanford said some of the property will be annexed into Sheffield, while other portions of land opened up by the auction will be annexed into Muscle Shoals.