“We are going to market this based on what the Banks County community wants to see there, and we are going to let the market dictate how it’s used,” Smithson said.
At least four other large sites nearby are also angling for buyers.
The Atlanta Dragway in Commerce may be sold to industrial developers as parts suppliers want to locate near SK Innovation's electric vehicle battery plant in Jackson County. (Handout)
When the plant opens, the area will need more housing and retail for new employees expected to move in, said Charles Turk, chairman of the Banks County Commission.
“Our vision is to have a high technology manufacturing supercluster, along with mixed-use housing and commercial developments and sports complexes,” he said. The racetrack is located in Banks County.
The racetrack property is large enough that it could contain a mix of an industrial park, housing and shopping centers, Smithson said. Banks County lacks a supermarket, and many residents want one.
“The issue is that there aren’t a lot of industrial sites remaining that have sewer lines already in place with adequate capacity” to handle heavy users, said Jack Haden, an industrial real estate specialist at NAI Brannen Goddard.
Haden is representing Florida developer Joshua Schrager, who plans two industrial facilities on a 214-acre site near the battery plant. At least three other large sites are for sale nearby that could host industrial tenants, he said. One is a 144-acre site on U.S. Highway 129 near the New Salem 85 Logistics Center.
“There are lots of landowners here jockeying for position,” Smithson said.