Industrial park planned near Sweetwater, Tenn.

12 Nov 2014

Knoxville developer Nick Cazana is convinced that Interstate 75 between Chattanooga and Knoxville can be a pipeline for industry.

So when he found out one of the biggest, undeveloped flat sites along the highway became available for sale earlier this year, he jumped at the chance to buy it last week. By next June, Cazana hopes to have a plan in place for utilities, transportation and marketing of the 170 acres along I-75, just south of Highway 68.

The proposed new industrial park, billed the 75 Regional Commerce Park, is being developed by Cazana's business, Commercial & Investment Properties Co., in Knoxville, through the real estate partnership Exit 60 LLC.

During an announcement of the new venture Tuesday, public officials in McMinn and Monroe counties pledged their support, which could include tax breaks and government investments to encourage business development on the property. Read More