Nine agreements signed Wednesday by the Blount County-Maryville-Alcoa Industrial Development Board (IDB) members state a distribution warehouse, which prior reporting from The Daily Times shows is for Amazon, may start construction as early as March 1, 2021, and be operational by the end of 2023.
The agreements â signed during today s IDB meeting â mark a significant legal and financial leap forward for the warehouse initiative code named Project Pearl.
No IDB officials or agreements mention Amazon, but legal documents obtained by The Daily Times early December show negotiations between Dallas-based developer Hillwood Properties and Amazon are ongoing.
Though Hillwood has yet to commit to the project, its decision is expected to come before Christmas and Amazon then may be prompted to announce its intentions at the beginning of the new year, according to the agreements.