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Are you concern about Industrial land for sale?

Today I will share a topic about issue of industrial land at America.. 

industrial land for sale
Geodesy isometric composition with view of square pit and characters of two engineers performing some measurements vector illustration

What comes to mind when you hear the phrase “industrial land”? Think again if the terms bring to mind noisy factories and smokestacks. Industrial land for sale in Pinellas County is home to everything from research labs to financial service companies. Even though there is a lot of manufacturing, the technology has advanced to the point where it is now cleaner, quieter, and more discrete—almost identical to office buildings. If you were standing next to one of these establishments, you might not know what was going on inside.

You might also be startled to find that one of the most valuable commodities in Pinellas County is industrial land, and that a new state law may make it harder for us to support and maintain it.

Why Industrial Land Is Important

First off, why is industrial land important in Pinellas County? Even while tourism is our most well-known industry, the local economy is much more impacted by other sectors like high-tech manufacturing. Among Florida’s counties, Pinellas County has the third-largest manufacturing sector. Manufacturing, which generates $2 billion in yearly payroll and has a twice as much economic impact as the whole hospitality industry, pays three times the average wage. Another $2.2 billion is added by financial services and information technology. More than 60,000 people are employed by these companies collectively in Pinellas County.

High-wage enterprises are “target employers” because they benefit local economies. In the 1980s and 1990s, when there was still a lot of undeveloped industrial land, target employers began relocating to Pinellas County in large numbers.

Commercial land is too expensive

It’s true that a lot of these establishments might operate just as successfully in commercial districts, and they are even allowed to do so by county and local land use regulations. However, because commercial land is often too expensive for them to afford, they look for industrial regions. Because Pinellas County is almost entirely built, there is fierce rivalry for real estate. Retail and residential developers can spend more on real estate and raise prices because they make faster short-term profits. Industrial land excludes retail and residential uses, keeping real estate affordable for target employers.

According to Teresa Brydon, Business Redevelopment Manager for Pinellas County Economic Development, “It’s a regrettable paradox.” “The sorts of redevelopment that produce the highest profits for landowners and developers also produce the lowest levels of local economic output. Local governments are under a lot of pressure from the market to permit the conversion of industrial land, but this ultimately damages us.

Petitioning the local government and Forward Pinellas can change a property’s land use classification. Before the economic importance of industrial land to our county was realised, these requests were often granted. Between the 1990s and 2000s, the county lost 1,100 acres of industrial land.

By the 2000s, Cindy Margiotta, Division Director for Pinellas County Economic Development, claimed, “We started running out of industrial land.” “When there is nowhere for employers to go, we miss out on opportunities for them to relocate here. Every time we allow an industrial site to become an apartment building, we lose the chance to create more worthwhile jobs.

Legislation

The economic effects of these land use decisions came into sharper perspective in 2008 thanks to a massive countywide undertaking known as the Target Employment and Industrial Land Study, or TEILS. According to the analysis, over a 20-year period, Pinellas County’s demand for industrial land would grow by nearly 4,000 acres. In response, rules limiting the conversion of industrial land to other uses were incorporated into the Countywide Plan. These rules will be reviewed and updated in the TEILS update this year.

All 25 of Pinellas County’s local governments contributed to the Countywide Plan. According to Whit Blanton, Executive Director of Forward Pinellas, “it’s how we prepare collaboratively for challenges of countywide concern that are broader than any one jurisdiction.” This is unquestionably one of those problems.

Submitted State Legislation

Pinellas County has protected industrial land for employment for 15 years, but state legislation may overturn that. Local governments can approve residential and mixed-use developments on residential, commercial, or industrial land if 10% of the units are affordable. The proposed law would supersede conflicting municipal regulations, allowing local governments to disregard the Countywide Plan and zoning standards.

The Legislature has previously overridden local regulations regarding industrial land. A 2020 law, formerly known as HB 1339, permits the construction of 100% affordable housing projects on industrial lots. However, the effects of that law are modest in scale and serve the noble purpose of addressing the county’s lack of affordable housing. As the first local government in Florida to do so, the City of St. Petersburg used a comprehensive planning procedure designed to balance competing needs and minimise adverse economic effects.

The legislation that is being presented this year also aims to promote affordable housing. The proposed measure would allow market-rate residential and retail development on industrial land, which will outcompete the targeted firms and HB 1339’s affordable housing, since only 10% of residential units must be affordable. Less affordable housing would imply fewer good jobs for our people.

With its limited land supply and long history of countywide planning, Pinellas County is practically unique in Florida. Despite its good intentions, the proposed bill would harm our county’s inhabitants and economy. We ask the bill’s sponsors to reconsider this blanket preemption and let our county continue economic planning.

Posted by Blog Spinners 

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