Leaders say the economic downturn slowed down Pellissippi Park plans
The lights came on at a new technology park in Blount County Monday night after four years of work on the project.
Elected officials held a "Lighting of the Park" ceremony at Pellissippi Place in Maryville. The 450 acre site received millions of dollars in funding from several local governments including Knox and Blount Counties. Officials plan for the area to be filled with tech-based businesses and research firms along with hotels and housing. However, the park remains empty while developers continue to wait for the economy to improve.
"I think it is really going to take a turn around of the national economy and state economy and I think we are seeing improvement take place. The recession has bottomed out. Economic conditions are improving, but they are improving very very slowly, so I would not expect to see a lot of activity in this park for a couple of years. And again it going to be a slow build out, we're going to be very selective to what we allow in this park, " said Blount Economic Development Board Matt Murry.
Murray said developers have heard from several companies who have expressed interest in locating their offices in Pellissippi Place.