The school board considers the agreement protocol for the new technological center
Posted at 8:45 a.m. Wednesday April 16, 2025
On Monday, the Troup County School Board discussed a potential understanding memorandum (MOU) for tax reduction which could bring a technological center of several billion dollars to Lagrange.
The president of the Lagrange Development Authority, Scott Malone, presented the memorandum of understanding between the LDA and Rosewall Pines Holdings which would provide tax incentives in the form of payment instead of taxes (pilot).
Malone said the Project, which will be executed in five phases, will bring a technological center to the old Film factory from Jindal to Lagrange. The project is expected to provide substantial capital investments and the creation of jobs to the community.
Malone said Jindal’s departure was a disguised blessing, and that the new company is a substantial upgrade.
“Jindal was not an excellent partner in the community and finally folded the store last year. It was the greatest blessings that we could have ever asked. Normally, you do not want a company to place its operations, but unfortunately, they did not support a lot of work that had to be done to succeed. They did not leave the county of Troup.
The release of Jindal made their old campus available, which, according to Malone, was mature for projects with high capital investments and the one who had the qualities they were looking for: well -paid jobs and high -utility users. Malone explained that the City of Lagrange is funding its operations by the sale of public services.
“We are not interested in another manufacturing product on this campus. This campus we know was the most precious in the county, and most of this power was available for the site,” said Malone.
The project, now known as Project Pegasus, is a technological campus that has a data center component.
“Everyone who has a phone on their hip … so each of you uses (data centers) every day. This is the world in which we have evolved,” said Malone.
Malone said he refused three manufacturing projects before the Pegasus project came to them. It was a $ 500 million project in February, but when they learned, the site would be able to obtain more than 400 megawatts of power, it increased considerably. Now, it’s about $ 8 billion, he said.
The investment should provide 100 and more jobs that represent $ 100,000 per year.
“We could not have a better partner. I think you will see that there is no bigger project, a transformational project, that we could have in the history of this county. It will be one of them, certainly the greatest of the troop county and one of the most important in state history,” said Malone.
Malone said they were planning to close the project in May, but it cannot say which company it is still.
“I will share with you that this is one of the 10 largest companies in the world. They are not Rosewall pines. These are the operating companies they operate, but you know rather quickly, you know who is the business. We could not have a better partner,” said Malone.