Minden Press-Herald

Tuesday
Sep 30th

Resolution sought on industrial park vacancy

An industrial building sits vacant at South Webster Industrial District's (SWID) park.

The property is waiting on a resolution between SWID and its tenant, Knight Street, LLC.

"After Knight went into default on certain parts of their lease, we sent them a letter informing them of that," board member Henry Bridges said. "They have been paying rent, but we need to settle on new terms now that the lease has expired."

The issue between SWID and Knight Street began after Temple Inland's sublease expired and was not renewed and Knight Street's lease concluded.

Nine months after the end of Knight Street's lease, SWID sent a letter asking them to sign a new contract or vacate the premises.

"We are hopeful an agreement can be reached that is mutually beneficial to both Knight and SWID," Bridges said.

According to documents referred to at a SWID meeting Monday, Knight Street continued to pay their portion of the rent.

However, there is some discrepancy in how the partnership should be dissolved, if a mutually beneficial agreement cannot be reached.

SWID representatives met with Knight Representatives yesterday afternoon in hopes of seeking an agreement.

SWID was created in 1980 and shortly after, 228 acres of former Penal Farm property was donated by the Webster Parish Police Jury to SWID.

What makes SWID attractive to prospective employers is available land, affordable land and competitive electricity prices with City of Minden, Entergy and Claiborne Electric in that one spot.

Of that acreage, the park boasts several industries on 100 acres of developed land.

The governing authority of the district is a board of commissioners appointed by the cities of Minden and Dixie Inn, the municipalities of Sibley, Dubberly, Heflin and Doyline, the Webster Parish Police Jury and Minden Economic Development Council. Each commissioner serves for a three-year term of office.

Including Bridges, current board members are James Madden, Hunt Powell, Rickey Killian, James Smith and G. Kent Gibson.

 

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