By PARKER CARLSON
WISH-TV | wishtv.com
The Boone County Commissioners have approved the 47 Commons project to develop the Interstate 65 and State Road 47 interchange.
47 Commons is a mixed-use development by Merritt Contracting.
“This marks a major milestone for economic development in Boone County and paves the way for an exciting new chapter of job growth, business expansion, and community infrastructure,” the Boone County Economic Development Corporation (EDC) said in the press release.
A total of 190 acres will be used at the southwest quadrant of I-65 and State Road 47.
Phase 1 plans to build the first Shelby Materials in Boone County and the “creation of a natural Spring Creek buffer to separate the applied technical services district from commercial, retail, and residential spaces,” Boone EDC said.
An estimated $30 million will be invested into Boone County by Phase 1 along with the creation of 85 new jobs. The total 47 Commons project is projected to invest $170 million to $200 million.
“The approval of Phase I of 47 Commons is a clear signal of Boone County’s commitment to sustainable, strategic growth,” Boone EDC CEO Andrea Kern said. “By blending innovative site design with job creation and regional investment, this project embodies the kind of future-focused development we champion. This project will elevate Boone County’s competitive edge while fostering new opportunities for businesses and families alike.”
This story was originally published by WISH-TV at wishtv.com/news/local-news/boone-county-approves-47-commons-project.