The city and county are taking steps to clean up 40 acres at the Enterprise South Industrial Park that have not attracted the attention of developers.
Officials said the problem has been there are remnants of old buildings on the property. Taking down and cleaning up those properties is expected to cost about $4.5 million.
Funding would include $1.25 million each from the city and county. Part of the city's portion would include $500,000 from the account paid into by developers who get PILOT (payment in lieu of taxes) agreements.
The city and county plan to seek a matching amount for the cleanup from the federal Economic Development Administration.