Alexion Decides Not To Expand Oconee County Plant And Cancels Land Purchase At Gateway Business Park

Alexion Pharma of New Haven, Conn., has decided not to expand its operation at the Gateway Technology Business Park on the edge of Bogart, dealing a setback to efforts of the Oconee County Industrial Development Authority to develop the business park.

Rick Waller, chair of the IDA, announced the decision of Alexion as an afterthought following his Chair Report to the IDA last week.

None of the members expressed surprise, and Waller indicated he had discussed the Alexion decision with Authority members before the meeting.

Alexion had signed a purchase agreement with the Industrial Development Authority on Dec. 19 of last year, after the IDA, in two closed-door sessions, debated details of the contract.

On March 17, Alexion informed the IDA that it intended to exercise a clause of the contract that allowed it to terminate the agreement within 90 days of its signing “for any reason or no reason.”

For more on the story, go to Oconee County Observations.

Pictured: Rich Waller.