MUSCLE SHOALS-TVA closed the sale transaction for approximately 900 acres of property on the Muscle Shoals Reservation on Monday, July 23. The property had been previously auctioned on April 20, 2018, with Muscle Shoals Holdings, LLC, being the highest bidder at 5 million dollars.
“We care about the Quad Cities’ success, and selling this property is an economic investment in the community while preserving local recreational opportunities,” said David Bowling, TVA vice president of Land and River Management. Bowling confirmed that TVA will retain roughly 2,000 acres of property, including the nationally recognized Rockpile Recreational Area and buildings that provide workspace for nearly 500 employees.
The reservation’s future stems from TVA’s new strategic real estate program, which looks for opportunities to right-size the company’s real estate portfolio and divest of unused property to better serve local communities. “One of TVA’s core missions is economic development,” Bowling said. “If TVA has property that is no longer used or needed for future business, it makes sense to partner with communities to sell these properties to help stimulate private investment.”
Recent TVA sales include the Edney building in Chattanooga, which is now the centerpiece for Chattanooga’s innovation district, and the 600-acre Google site at TVA’s Widows Creek Fossil Plant, near Stevenson, Alabama.
Media Release/Scott Fiedler
Public Relations
Public and Community Relations/TVA
