TVA Proceeding on Muscle Shoals Reservation Site Improvement
January 29, 2013
FLORENCE, Ala. ― The Tennessee Valley Authority is moving forward on site improvement work on the Muscle Shoals Reservation as part of the process to make approximately 1,000 acres of property available for auction.
In November, TVA declared the land as surplus and up to $6.1 million was approved in December for site improvement work during this fiscal year.
“We have been making improvements on the Muscle Shoals property for some time and this financial commitment allows us to improve the marketability of the site by making more of it suitable for redevelopment,” said John Bradley, TVA’s senior vice president for Economic Development. “This is a substantial investment from the TVA leadership and clearly shows that we want to maximize the development potential of the reservation for the benefit of the Shoals area.”
TVA is working with the Northwest Alabama Cooperative District, a group of representatives from the local governments – Florence, Muscle Shoals, Tuscumbia and Sheffield – and Colbert and Lauderdale counties, to finalize a redevelopment plan for the property. That plan will include an outline of local governance and management defining jurisdiction and establishing public services.
Bradley said tentative plans are for the property to be sold in parcels of varying sizes, which could be auctioned as improvement work is completed on each location. A timeframe for the first auction has not been set. A portion of the 1,000 acres will be set aside for conservation and preservation.
“We support a balanced approach so that the property is put to the best use for everyone involved,” Bradley said.
TVA owns approximately 3,000 acres on or near the Muscle Shoals Reservation. Congress transferred the land to TVA from the War Department in 1933.
The Tennessee Valley Authority, a corporation owned by the U.S. government, provides electricity for business customers and distribution utilities that serve 9 million people in parts of seven southeastern states at prices below the national average. TVA, which receives no taxpayer money and makes no profits, also provides flood control, navigation and land management for the Tennessee River system and assists utilities and state and local governments with economic development.
Scott Brooks, Nashville, 615-232-6141
TVA Public Relations, Knoxville, (865) 632-6000