PIKE COUNTY — Pike County supervisors hope to buy back a piece of property that had been the planned site of a multi-million-dollar wood pellet plant.
Board attorney Wayne Dowdy told the Enterprise-Journal newspaper that he filed a civil lawsuit last month seeking authority to buy 16 acres the county sold to Indeck Magnolia, LLC.
The county wants to but the land back for the original purchase price of $128,400, as stipulated in the original purchase agreement.
Indeck Energy Services of Buffalo Grove, Ill., bought the land in 2008 with plans to build a $17-million plant to make wood pellets for fuel.
The plans never materialized and the lot remains vacant. However, Indeck reportedly spent at least $1 million on the project.