It’s K2M: Oaklawn’s new tenant revealed
Two sources confirmed K2M as the company seeking to build its corporate headquarters on a piece of the Oaklawn property. The file name on official Leesburg town documents also showed that K2M's expansion was part of the rezoning.
At the rezoning discussions and at Town Council, residents complained about the secrecy of the proceedings and the refusal of elected officials to disclose the name of the company seeking the rezoning.
The company has remained anonymous during Town Council meetings and hearings. Officials from town of Leesburg and Loudoun County as well as the Oaklawn developers signed a non-disclosure agreement with the future tenant that precluded officials from discussing the identity of the client.
A K2M spokesperson could neither confirm nor deny that her company is the future tenant at the Oaklawn property.
Supervisor Ken Reid (R-Leesburg) said in a statement released Tuesday that keeping the name out of the public's eye was an effort to keep the company local and in Virginia.
Officials from the town, county and the state have worked with the developers and clients in a combined effort to bring the project to fruition.
According to official documents released by the Town of Leesburg, over the first 10 years in its new location, the company is projected to have a fiscal impact of $2.7 million for the town. The project will provide $17.2 million in tax revenue for Loudoun County and $41.2 million in tax revenue for Virginia during the same time frame.
“As noted by town staff, the addition of this firm to Oaklawn Land Bay B will add tremendously to our commercial tax base—about $20 million in town and county taxes—plus create 137 new high-wage jobs over five years,” said Reid in the statement. “This firm's expansion could also attract similar companies to Loudoun, which would be great for our jobs and tax base.”
In a presentation given by AICP senior planner, Irish Grandfield, at a Planning Commission Public Hearing on July 31, developers said the future tenant would “promote businesses that contribute to the Town's revenue and employment that provides higher wages.”
A media announcement is expected later this month to officially introduce K2M as the new tenant at Oaklawn.
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