Nelson County Acquiring About 683 Acres For 8.9 Million Dollars After Auction Cancellation

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Image via TFRauctions.com

 

Lovingston
Nelson County, Virginia

An abrupt cancellation of a highly publicized auction that was to take place in June made a bizarre turn when it was discovered that the County of Nelson had entered into an agreement to buy about 683 acres of raw land just south of Lovingston. The property of on the eastern side of U.S. Route 29.

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Here is the verbatim press release from the Nelson County Administrator’s office:

“FOR IMMEDIATE RELEASE

LOVINGSTON, VA – Nelson County has successfully acquired approximately 683 acres
along the Route 29 corridor south of Lovingston through a pre-auction purchase
agreement at an all-in cost of $8,925,000. The acquisition represents a strategic
investment in an area long identified by County planning efforts as a key location for
future economic development because of its transportation access and proximity to
existing infrastructure.

County Administrator, Candy McGarry said ” The financial stewardship of the Board of
Supervisors over the years enabled the County to react quickly to this opportunity.
Purchase of the property fits within the already established debt capacity strategy,
without additional General Fund revenues; therefore, there is no increased burden on
the taxpayer.”

County officials recognize the public interest surrounding the purchase and are
committed to transparency throughout the process. The acquisition allows the County to
evaluate future opportunities for this strategically located property, rather than seeing it
pass into private ownership without public input.
County officials emphasized several important points:

* The acquisition does not approve or commit the County to any specific development
project.
* No rezoning actions are being proposed as part of this purchase.
* Any future use of the property would require public discussion, community input, and
appropriate governmental approvals.
* County ownership provides greater local control over future outcomes that would not
exist under private ownership.
* The property can be evaluated for a variety of potential public purposes, including
economic development, recreation, infrastructure, or a combination of uses.
* Purchase of the property fits within the already established debt capacity strategy,
without additional General Fund revenues.

The Board believes responsible economic development remains essential to
maintaining quality public services, supporting schools, strengthening public safety, and
reducing pressure on residential property taxpayers. At the same time, County leaders
remain committed to preserving the character, natural beauty, and agricultural heritage
that make Nelson County unique.

Over the coming months, the County will conduct additional analysis regarding the
property’s opportunities, constraints, infrastructure needs, environmental considerations,
and potential public benefits. Citizens will have multiple opportunities to participate in
those discussions.

“This is not the end of a process, it is the beginning of one,” said Dr. Jessica Ligon,
Board Chair. “The purchase simply ensures that Nelson County residents will have a
seat at the table in determining the future of this property.” Additional information
regarding the acquisition and future public engagement opportunities will be made
available through County meetings and official communication channels.
About Nelson County

Nelson County is committed to fostering economic vitality while preserving the rural
character, natural resources, and quality of life that define our community. The County
works to balance responsible growth, environmental stewardship, and fiscal
responsibility for current and future generations.”

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