• 61°

Toyota buys in: $22 million investment planned in Rowan County

Staff report

Toyota Racing Development now officially owns the 89-acre Cline site on Peach Orchard Road.

The closing was completed Friday afternoon less than two weeks after the Rowan County Board of Commissioners approved $519,000 in incentives for the company which plans a $22 million investment.

Toyota plans to build a 35,000-square-foot facility that will house Toyota Racing Development’s NASCAR competition group as well as chassis engineering operations.

The facility will employ between 40 and 50 people with an average annual wage of $70,000. Construction is expected to begin later this year with a completion date in late 2008.

“It’s been a long process,” said Randy Harrell, executive director of the Salisbury-Rowan Economic Development Commission.

Harrell said he will visit Toyota Racing Development’s headquarters outside Los Angles later this year.

And the Economic Development Commission will host a welcome celebration later this year.

Toyota paid the Cline family slightly more than $23,000 per acre for the property. An inflation clause built into the contract allowed the price increase annually by the consumer price index.

Harrell said he is working to secure some grants from the state to assist in the Toyota project.

Toyota officials have said they plan to use between 40 to 50 acres of the property and sell the remainder.

Harrell said he expects land clearing operations will start by spring.


Comments closed.


Concord man charged with woman’s murder in drive-by shooting

Ask Us

Ask Us: Have city, county elected officials received COVID-19 vaccine?


City gives away nearly 100 trees during ‘We Dig Salisbury’ event


Political Notebook: Bitzer expects most ‘Trump-like’ candidate to be favorite in state’s Senate race


Blotter: Concord man arrested in Rowan for indecent liberties with children


Half of US adults have received at least one COVID-19 shot


Police: FedEx shooter legally bought guns used in shooting


Hester Ford, oldest living American, dies at 115 … or 116?


Size of pipeline spill again underestimated in North Carolina


Kannapolis Police searching for suspect who fled scene of homicide


RSS superintendent talks district’s future, strategic plan survey


Complaints and fines pile up against unpermitted landfill in southwest Rowan County


Catawba baseball: Crowd comes out to say goodbye to Newman Park


History is a great teacher: Farming has helped shape Rowan County


‘A safe place for them’: Timeless Wigs and Marvelous Things celebrates fifth anniversary

China Grove

County will hear request for more tree houses, hobbit-style homes in China Grove


Livingstone College partners with Health Department to administer 500 Pfizer vaccinations


‘Elite and it shows’: Staff at Partners in Learning at Novant celebrate news of national accreditation


Biz Roundup: Food Lion earns Energy Star award for 20th consecutive year


Ester Marsh: What body type are you?


The queen says goodbye to Philip, continues her reign alone


Worldwide COVID-19 death toll tops a staggering 3 million


US, China agree to cooperate on climate crisis with urgency


Sikh community calls for gun reforms after FedEx shooting