Radford Eyes 80-Acre Parcel for Potential Redevelopment

Radford, VA – WDBJ News recently highlighted the City of Radford and its decision to approve a future purchase option of an 80-acre site affiliated with the old Foundry on the southwest side of town.

The six-month option agreement with owner Virginia Castings LLC, gives the city the latitude to conduct environmental testing and remediation on the site if necessary before the purchase is finalized.

The Foundry, which shut its doors in 2013 was once a major player in Radford’s industrial base employing approximately 1500 workers at its peak in the 1970’s.

Per the article, “The city says it will pursue grants for environmental evaluation, remediation, site access, cleanup and redevelopment, leading to the opportunity for significant economic benefit.”

Read the full article here.

Learn more about Radford, a city in Virginia’s New River Valley here.

###Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.