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Dominion Development Partners Signs Partnership Agreement With Destiny, Florida To Create the Alternative Energy Industrial Park at Destiny

Posted on: Thursday, 30 April 2009, 07:30 CDT

DESTINY, Fla., April 30 /PRNewswire/ -- Dominion Development Partners has signed a partnership agreement with Destiny, Florida to create the Alternative Energy Industrial Park at Destiny, which will attract alternative energy technology companies to America's first eco-sustainable city, announced Anthony V. Pugliese, III, Managing Partner and CEO of Destiny.

The initial 500-acre phase of the Alternative Energy Industrial Park at Destiny is planned to include a Research and Development Campus housing a Technology Incubator, Distribution Center, and an Academic Village and Training Center. The park is projected to ultimately generate thousands of higher paying "green collar" jobs, Pugliese stated.

Future phases will include energy generation assets to power the city, and may include ethanol and biodiesel processing as well as pyrolysis, gasification and other "waste-to-energy" facilities. The "power island" will deliver surplus green energy to the transmission grid utilizing various "smart-grid" technologies.

The Alternative Energy Industrial Park at Destiny is designed to attract companies that are seeking to develop and manufacture new, clean technologies. These businesses will benefit from the synergies of co-location to reduce their start-up and operating costs. Initially, the park is expected to attract alternative energy businesses including solar power and fuel cell companies.

"To prove a true sustainable city can and should be built in America, we have decided to do the hard part first. We have challenged our team to build a state-of-the-art industrial park filled with clean technology tenants, with a small comparable carbon footprint," Pugliese stated.

Construction of the Alternative Energy Industrial Park at Destiny is anticipated to begin in 2012, pending Destiny receiving land entitlement from the appropriate agencies.

"The economic advantages of the Alternative Energy Industrial Park at Destiny will help create a profitable business model for tenants, and serve as a self-funding research and development platform where new technologies can be created, demonstrated, and commercially deployed," stated Rick deGorter, Manager of Dominion Development Partners.

About Destiny

Destiny, Florida spans 64 square miles, or 41,300-acres, and includes more than 25,000 acres of preserved, open space in southern Osceola County. Less than one hour from Orlando, Destiny is strategically located at one of Central Florida's main intersections; consisting of the Florida Turnpike, U.S. Route 441 and State Road 60. Destiny will provide a variety of industries with a new regional commerce hub located within a day's drive of 30 million consumers. As the future home to scientists, engineers, clean-tech innovators and university research centers, Destiny will be a well-balanced mix of new technology, educational excellence, longevity-based lifestyles, and social and cultural centers. Destiny plans to feature NextGEN aviation, a multi-modal transportation system and a master plan for sustainability by ARUP. Destiny is situated within Florida's Clean Tech Corridor, the seventh largest mega-region in the United States. For more information, please visit www.destinyflorida.com or call 1-888-2DESTINY.

About Dominion Development Partners

Dominion Development Partners is the sole manager of Destiny Development Partners LLC, the developer of the Alternative Energy Industrial Park at Destiny. Dominion Development Partners is an affiliate of Richmond, Virginia-based The Lingerfelt Companies, which has developed more than 10 million square feet of commercial and industrial space in the United States.

SOURCE Destiny

Source: PR Newswire

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