Archives | Industrial Company coming to 218-acre site | Pasco County Touts New Town Center Project on State Road 52

Media Release – June 23, 2023

Industrial Site to Bring Thousands of Jobs to Pasco – the 218-acre site will host a large industrial property

MEDIA RELEASE | June 23, 2022
Media Relations & Communications
Pasco County
P 727.815.7177
8744 Government Drive, Bldg. A
New Port Richey, FL 34654
pio@mypasco.net
www.mypasco.net

The Pasco Board of County Commissioners (BCC) approves a substantial industrial building project in east Pasco that will transform and revitalize the area. The project, at the northeast corner of I-75 and State Road 52, is a 1.4 million-square-foot, build-to-suit distribution center, providing thousands of new employment opportunities in Pasco County.

“This project will bring more than 2,000 jobs to Pasco County and will help provide a stable livelihood
for so many people,” said BCC Chair Kathryn Starkey. “Our county continues to attract companies
with a common goal of creating measured growth that will have a positive impact on Pasco for years.”

Project Highlights Include:
 Nearly 1.4 million-square-foot, build-to-suit, distribution center
 At least $19 million in county property revenue generated over the next 20 years
 2,400 full-time jobs once project is complete
 Approximately 218 acres

“I’m glad to see this project come forward,” said Commissioner Ron Oakley. “This is another
example of the great things happening in east Pasco, including good jobs and smart growth.”
The BCC approved a $6.3 million incentive package for the project, to be funded through property
tax rebates. The project, to be built by Northpoint Development, LLC, has an estimated return on
investment of $195 for every $1 Pasco spends. The project also includes construction of nearly $10
million in road improvements in the area.
To watch the Office of Economic Growth’s June 21, 2022, presentation to the BCC, click here

Pasco Town Center to Bring Jobs/Boost Economy

MEDIA RELEASE | June 16, 2022
Media Relations & Communications
Pasco County
P 727.815.7177
8744 Government Drive, Bldg. A
New Port Richey, FL 34654
pio@mypasco.net
www.mypasco.net

~~965-acre property will include retail, office, hotel, industrial and residential spaces~~

It’s one of the most ambitious economic growth and employment projects in Pasco County history. The Pasco Board of County Commissioners (BCC) recently approved the Pasco Town Center project – paving the way for 965 acres of industrial, office, retail, hotel and residential spaces. The project, at the southeast corner of I-75 and State Road 52, is expected to create nearly 6,000 jobs and after incentive rebates, is expected to generate at least $330 million in revenue for the county over the next several decades.

The project, at the southeast corner of I-75 and State Road 52, is expected to create nearly 6,000 jobs and after incentive rebates, is expected to generate at least $330 million in revenue for the county over the next several decades.

“I’m very excited about the opportunities this project will provide to people in Pasco County,” said BCC Chair Kathryn Starkey. “The Pasco Town Center ties in with Pasco’s Connected City, and we’re proud that Pasco is the go-to choice for developers of these high-quality projects.”

Pasco Town Center will transform over 4.7 million square feet of industrial and corporate office space. Here’s a breakdown:

Industrial: 4 million square feet
Office: 725,000 square feet
Retail: 400,000 square feet
Housing: 3,500 units
Hotel: 300 rooms

“Once completed, the county will see an estimated $100 return for every dollar invested,” said Commissioner Ron Oakley. “This project is a win-win for east Pasco – bringing new infrastructure and jobs with minimal cost to the county.”

The agreement includes a $55.8 million incentive package, funded mostly through property tax rebates, as certain milestones are met. Columnar Developers will also install key roads and utility connections beyond the Pasco Town Center Property – providing $70 million in public infrastructure with no direct cost to taxpayers. The project is expected to be completed by December 2028.

To watch the Office of Economic Growth’s June 7, 2022, presentation to the BCC, click here.