Home Local News City gives PEDC the OK to fund million-dollar rail revamp

City gives PEDC the OK to fund million-dollar rail revamp



After an hour and a half behind closed doors, Paris City Council members voted unanimously in open session to allow Paris Economic Development Corporation to fund another incentive for American SpiralWeld.

That incentive, according to PEDC Executive Director Michael Paris, is for a railway which can be utilized by the company should they choose Paris to call home.

“They gave us permission to spend up to $1 million on this project,” Paris said. “This can also benefit other companies such as J. Skinner and Potter’s Industries as well.”

The railway line will run from Huhtamaki through Center Street in Paris.

In July, Paris City Council voted unanimously to allow Paris Economic Development Corporation to offer a $2.5 million incentive package to American Spiral Weld to entice them to build a new plant in Paris.

Paris Mayor Dr. Steve Clifford said an additional $250,000 for expenses related to the courtship of ASW was also approved.

Paris said in July the $250,000 would go toward cleaning up the Brownfield, which they would do regardless whether or not the company chooses Paris. It also allows up to $2 million to be paid to the company, in total, at up to $25,000 per employee hired.

Furthermore, it allows PEDC members to make a commitment to cover the cost of setting up the property – nearly 140 acres at the Business Park – into three phases: GreenfieldBrownfield and Wetlands. The Greenfield portion, totaling about 98 acres, will be phase one. The Brownfield cleanup, totaling about 35 acres, will be phase two and the Wetlands section, totaling about 5 acres, will be phase three.

Click here to read more about American SpiralWeld.