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Local EDA reports purchase of 280 acres for industrial inventory; road funding request expected in spring
Summary
The Economic Development Authority told the City Commission it has added about 280 acres to the county’s development inventory — a 79-acre purchase completed June 20, 2024 and a 201-acre Redding property closed in late 2024 — and that the EDA will seek additional funding to build a road from Stewarts Lane to the new property.
Mr. Crowley, chair of the locally formed Economic Development Authority, briefed the City Commission on Jan. 27 about recent land acquisitions intended to expand the county’s industrial inventory and the next capital need: a connecting roadway.
Crowley said the EDA completed a 79-acre purchase on June 20, 2024 after receiving Kentucky Product Development Initiative grant funding of about $744,000; the city and county matched the grant on a 50/50…
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