Real Estate Development : Principles and Process Toyota representatives scouted sites in Hampton Roads last week for a new automotive assembly plant, local officials said Thursday. The representatives received a helicopter tour of the region in search of a site that is at least 1,500 acres and has access to a rail line, one of the officials said. An 1,8 60-acre parcel in Isle of Wight County owned by Norfolk Southern Corp. and zoned for industrial use would meet those needs.

The company is considering 30 sites in 20 states for the facility, which would involve a $2.5 billion investment, one of the officials said. Discussions are considered preliminary at this time, but Toyota is expected to narrow its list to 10 potential sites in June. At that point, the negotiations will intensify as will the competition to be the winning site. Roanoke is also reported to be on Toyota’s list, along with sites in Greensboro, N.C.; Arkansas; and Chattanooga, Tenn., according to The New York Times and other newspapers.

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