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Local EDA reports acquisition of 280 acres for industrial development; road and infrastructure work next step
Summary
The Boyle County economic development authority reported closing on 79 acres (former Norfolk Southern tract) and 201 acres (Redding tract), putting 280 acres in inventory and outlining next steps for road infrastructure and marketing.
Terry Crowley, chair of the Boyle County Economic Development Authority (EDA), told the fiscal court the EDA has closed on two strategic property acquisitions and now holds roughly 280 acres intended for industrial marketing.
Crowley said the EDA closed on a 79-acre tract acquired with support from a KPDI (Kentucky Product Development Initiative) grant worth $744,078 that required a 50/50 match from city and county partners. The EDA also closed on a 201-acre Redding tract in December; combined, the properties expand the county’s marketable inventory for job-generating industrial development.
Crowley emphasized infrastructure as the next priority: building a roadway from Stewarts Lane across a floodplain to the Norfolk parcel so the sites can be marketed for heavy-rail users and to allow for subdivision and utility access. The EDA has purchased major materials and expects a reimbursement of about $260,000 under the KPDI project; a final cost estimate for the road will determine whether the county and city will be asked to contribute additional funds in spring bidding.
Crowley also described planning work to ensure the road and site layout support long-term industrial development, not short-term piecemeal access. He said the EDA will provide county staff with site maps and building-layout concepts and will coordinate with planning and zoning to prepare an infrastructure plan that will serve the area for decades.
No formal vote was required; magistrates asked for more detail and requested the EDA provide maps, the appraisal reflecting right-of-way values and an estimate of completion and final project costs so the fiscal court can consider funding when formal requests arrive.
