Posted: 10:30 p.m. Friday, Oct. 5, 2012
By Everdeen Mason
By the numbers
$15 million invested in the park since its conception
$1.6 million sale price for Nextedge Applied Research and Technology Park
214 total acres
170 acres now owned by the Community Improvement Corp.
200 approximate number of jobs at the park
7 companies located at the park
The story so far:
2004: City and chamber of commerce decide to seek a technology park.
2006: Developers break ground on the park for Avetec and Mills-Morgan Development, the first tenants after the already constructed LexisNexis.
2008: Avetec and Mills-Morgan buildings are completed. Qbase signs on to move into Mills-Morgan.
2009: Nextedge begins to see financial problems and falls behind on property taxes.
2010: The Turner Foundation steps in to ease the $1.2 million debt at NextEdge.
2011: The Turner Foundation backs out of financing NextEdge and Fifth Third Bank takes over the property. In November, the bank attempted to sell the property for $3.8 million but the sale didn’t go through.
2012: The Community Improvement Corp. purchases the park from the bank for $1.6 million in August.