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Industrial park develops a plan for a turnaround. (One Pasco Center, Pasco County, Florida)(Real Estate Monthly)

The Business Journal (Serving Greater Tampa Bay)

| April 28, 1995 | Caruthers, Chrystal | COPYRIGHT 1990 Hoerner Publications of Tampa Bay. (Hide copyright information)Copyright

lt's almost in the middle of nowhere, but that's what its owners hope to capitalize on

It may be one of the best-kept secrets in Pasco County.

More than 200 acres of vacant land zoned for industrial use sit idle, not even a pebble turned in more than five years - until now.

The owners of One Pasco Center are working to revive their desolate industrial park by building some speculative inventory, about 10,800 square feet in all. For years, the park has suffered from a lack of exposure and development despite its proximity to a major thoroughfare, Interstate 75. So what's been the problem?

The owners, URADCO, an economic development ann of the rural electrical supplier Withlacochee River Electric, and a group of private investors, argue the park's misfortune was a result of a downtrodden economy. Business owners who looked to expand into the county, however, faulted the park's untidy appearance, higher rates and lack of inventory.

Whatever the cause for its stagnant state, the park's owners now say …

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