The subject property is located at the heart of the commercial district and yields less than $250,000 a year in tax revenue from less than 45 aircraft and is non-jet certified. These airports currently operate at less than 30% capacity and could easily absorb these redundant operations with more than 50% capacity to spare. From a economic development perspective, transferring aviations operations to the safer airports would eliminate the 40 foot building height moratorium which is in part preventing investment along I-385, Pleasantburg Drive, Haywood Road, Woods Lake Road and Laurens Road. Over 400 commercial properties have been identified that would immediately benefit from elimination of this height restriction, thereby initiating Greenville’s next phase of quality economic growth. The GreenTec Corridor will become the southeast’s first and only sustainable development in direct route of the future National High Speed Rail Network. The economic development value proposition is clear and compelling: The GreenTec Corridor Plan opens up about 3 square miles of underdeveloped space for commercial, residential, and academic development as well as light rail transportation in the heart of Greenville for the next 20 years while connecting ICAR with the downtown area.
