Communications Project

Document Type:Master's Thesis
Name:James T. Walters
Title:Determining the Financial Feasibility of a Wood Products Industrial Park
Degree:Master of Science
Committee Chair: Harold W. Wisdom
Committee Members:Jay Sullivan
Fred M. Lamb
Keywords:wood products, industrial park, finance, feasibility study
Date of defense:May 5, 1998
Availability:Release the entire work for Virginia Tech access only.
After one year release worldwide only with written permission of the student and the advisory committee chair.


A methodology was developed for determining the economic feasibility of a wood products industrial park. The methodology consists of twelve steps that address the goals of park owners, the feasibility of secondary manufacturing alternatives, the feasibility of the development corporation, and the financial areas needing management attention. Prerequisites to the financial analysis include market and technical analyses. Community impact analysis was also acknowledged as an important component of an overall feasibility analysis.

A case study was performed that consisted of an economic feasibility analysis for a wood products industrial park in Southwest Virginia. The case study assumed private ownership and found that the best mix of park tenants included: an edge-glued dimension panel manufacturer, a solid dimension lumber manufacturer, a custom millwork manufacturer, and a pallet manufacturer. Primary manufacturing and marketing services were included in the preferred park formation as subsidiaries of the park development corporation. The park was predicted to have a strong positive impact on the regional economy.

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