City Council will set public hearing about RAC land purchase | Local News

ARK Prefab Inc. is interested in setting up a factory at 42 West Earl Cummings Loop. They intend to provide 330 jobs over the next five years and make $3 million worth of improvements to the property alone, according to material given to councilors last week in a meeting agenda addendum packet that’s about 110 pages long.

ARK Prefab would pay $658,000 for the land. The building owner, Millennium Transit Services LLC, also has plans to sell the 420,000-square-foot structure to ARK Prefab for $8.8 million. The Roswell-Chaves County Economic Development Corporation says ARK PreFab, which also does business as Turnkey Ventures, wants to renovate and occupy the building left vacant when factory operations ceased in 2008.

“Their investment and new job creation will help strengthen our local economy and provide new opportunities for our community,” said Mike Espiritu, the president and CEO of the local economic development corporation. “We fully support their efforts and look forward to a long business relationship.”

Originally listed for sale sometime in late 2020 for an asking price of $13.86 million, the building, which was constructed in the 1980s, recently received what’s described as an “unofficially offered” amount of $9.4 million, according to Ed McClelland & Co., the real estate appraiser who analyzed the value of the land. This evaluation was completed in November.

“The pending purchase is not contingent on a purchase of…