Three properties purchased by the Hancock County Commission in December 2012 were recently sold to the Business Development Corporation (BDC) of the Northern Panhandle for $500,000, The Review reports. Following the conclusion of a Phase I environmental assessment of the properties, the commissioners were able to fulfill their plan of selling the properties – two vacated high school stadiums and a former fire station – to the BDC, which will in turn market them primarily for industrial and commercial economic development purposes. BDC will not pay the commissioners the purchase price until it sells "any or all of the properties." In addition, the commissioners will receive "90 percent of the net proceeds of any sale that exceeds the $500,000 purchase price," the article said. For more, read the full story.
Hancock County sells three properties to the Business Development Corp. of the Northern Panhandle to be marketed for economic development
