DANVILLE, Va. (WDBJ7) Economic development leaders in the Danville area say they're in negotiations with representatives of a company that could invest $200 million dollars on the southside.
The Danville Pittsylvania Industrial Facility Authority announced Friday that the organization has entered into an option with INDEVPROP, a limited liability corporation representing a "confidential client" that is considering a project on 149-acres at the Southern Virginia Mega Site at Berry Hill.
According to a statement from the IFA, INDEVPROP is conducting "due diligence" on a site that could result in a minimum investment of $200 million.
Because the project is still under consideration, leaders of the regional IFA say they can't provide additional detail on the company that is considering an investment on the southside, or the scope of the project being considered.
The 149-acres site under review by INDEVPROP is not part of a larger 166-acre site at Berry Hill that was recently certified as "infrastructure ready" by the Commonwealth of Virginia.