June 15, 2006

High Point to consider incentives for Furniture Company

Filed under: General, Furnitures — admin @ 12:01 am

The High Point City Council would hold a public hearing at 5:30 p.m. June 19 to consider up to $305,000 in incentives for Legacy Classic Furniture Inc., which is looking for a site for a sharing center. 

According to a statement from the High Point Economic Development Corp., Legacy Classic, which at present leases a 225,000-square-foot warehouse in Guilford County, is seems to build a 347,000-square-foot distribution center, and has its eye on a site on Penny Road in the Premier Center office park 

The project is predictable to cost about $18 million, and 120 employees would work out of the facility to start, with extra employment expected. 

At a June 7 meeting, the High Point EDC boards of directors generally optional the incentives package to city council. Legacy was said to be shut to a deal to build the distribution center at McConnell Business Park in eastern Guilford County, but that contract fell apart.

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