River Ridge Investing in Infrastructure Improvements
River Ridge Commerce Center in Jeffersonville is expanding infrastructure to allow for broader development efforts at the 6,000-acre business park. The River Ridge Development Authority approved $8.4 million in various projects this week.
Caldwell Tanks was approved for more than $7.2 million to build two elevated, two-million gallon water tanks, which the authority says will provide current and future customers with a water source. Temple & Temple Excavating & Paving was approved for just under $600,000 worth of work to widen International Drive by adding lanes in both directions to improve traffic flow, and will also include concrete pavement and subgrade underdrains.
The infrastructure work continues the activity at River Ridge, where the Authority has invested more than $120 million to redevelop about 30% of the property. The center is now home to more than 60 companies and over 10,500 on-site workers. The commerce center estimates it has produced $2.5 billion in economic output in 2019.
“This is a time of significant investment for the River Ridge Development Authority,” said Jerry Acy, executive director of the RRDA. “The Commerce Center has been recognized for the critical work we’re doing to create jobs and stimulate economic growth in the Louisville-Southern Indiana area. In order to keep doing that work, the RRDA must keep investing in infrastructure that will support the expansion and the future development of the Center.”
This year alone, the center has approved a land sale and added a business park on the property.