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The Authority unanimously approved selling a portion of Park Tract HK and granting options for several additional lots at the Southern Virginia Megasite at Berry Hill. Members also approved relocating an easement for Tupelo Storage by a 4-0 vote and accepted a clean FY 2025 audit.
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The property sale and lot options clear the way for future industrial development at the megasite. The easement change relocates the designated area to avoid affecting active business inquiries, while still meeting Tupelo Storage’s needs. The audit found no significant deficiencies or material weaknesses, and cash was approximately $4.2 million at the end of the fiscal year.
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