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Owensboro approves purchase of 121-acre Massey site, funds to come from economic development savings
Summary
The commission approved two real-estate purchases totaling about 121 acres of the Massey site for future industrial development, paid from a designated economic development fund so the general fund won’t be affected; a related budget amendment will appropriate the saved funds and record a $500,000 private donation for a pickleball land purchase.
Owensboro’s City Commission voted to buy two parcels of the Massey site this meeting, combining roughly 121 acres for future industrial development and long-term economic planning. City Manager Nate Pagan said the city paid $38,500 per acre for the larger 73.372-acre parcel and that the property appraised at $41,022 per acre, adding the price is below appraisal and the purchase was funded from a designated economic development fund rather than the general fund.
Brad Davis, vice president of business development for the economic development corporation, said…
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