TheTimesTribune.com, Corbin, KY

Homepage

January 17, 2014

Industrial park purchase final

45 acres of land in Laurel County cost around $475,000

LAUREL COUNTY — The purchase of the Fariston Industrial Park was finalized Wednesday, according to London-Laurel Industrial Authority Executive Director Charlie Pennington.

The purchase of 45 acres of land from Joyce Jackson, of Bowling Green, cost around $475,000, Pennington said. The loan from the Laurel County Fiscal Court covered $300,000 and the remaining $175,000 came from the London-Laurel Industrial Authority’s funds for investment. Pennington said the industrial authority already had funds on hand for the purchase, and the loan from the fiscal court was meant as a supplement to those funds.

The loan that paid for the majority of the land’s cost is from a Community Development Block Grant for $300,000 with a 0.5 percent interest rate over five years.

The land is intended for a new industrial park. Pennington said the six existing industrial parks in Laurel County are nearly full, so this purchase is “strictly for the future.”

The most recent industrial park near the London-Corbin Airport is nearly out of acreage, Pennington said.

The land is strictly for industrial development, and will ensure any businesses that want to come to Laurel County will have room.

Pennington said he hoped the plot of land would “expand the industrial base and ensure future growth” for Laurel County.

 

1
Text Only
Homepage
0416 roundup.jpg

Christen Nicole Sutton, 33, of Williamsburg, faces one count of first-degree trafficking in a controlled substance, first offense. She also faces two counts of contempt of court, libel/slander, resistance to order.

  • 19 charged in drug roundup

    It was a busy morning for the Whitley County Sheriff’s Office Tuesday — and due to the department’s efforts, “Operation Snowflake” saw 19 people charged with various drug trafficking offenses.

    April 16, 2014 1 Photo

Local News
Local Sports
  • Net Gains

    The North Laurel Lady Jaguars managed to pick up two wins the past couple of days with victories over both Harlan and Rockcastle County while the Jaguar tennis team also picked up a victory over the Green Dragons.

    April 16, 2014

  • Corbin without a coach as spring practice begins

    As the weather begins to warm up (with the exception of today), some high school football teams have already held their spring practice sessions, while some are on tap to get started this week.

    April 16, 2014

Editorials
Features
0412 Keith Decker.jpg

Keith Decker accepts his award for Kentucky Missionary of the Year.

Letters
Entertainment
  • Floss, Pyatt to perform at Corbin High

    Promising “An Evening of Fun and Entertainment,” humorist, comedian and storyteller Howard Floss will join multi-award winning singer and songwriter Dale Pyatt on stage in Corbin on Saturday, May 17.

    April 16, 2014

Front page
Featured Ads
Poll
AP Video
Disbanding Muslim Surveillance Draws Praise Hundreds Missing After South Korean Ferry Sinks Passengers Abuzz After Plane Hits Swarm of Bees Boston Bomb Scare Defendant Appears in Court Pistorius Trial: Adjourned Until May 5 Diaz Gets Physical for New Comedy Raw: Ferry Sinks Off South Korean Coast Town, Victims Remember Texas Blast Freeze Leaves Florida Panhandle With Dead Trees At Boston Marathon, a Chance to Finally Finish Are School Dress Codes Too Strict? Raw: Fatal Ferry Boat Accident Suspicious Bags Found Near Marathon Finish Line Boston Marks the 1st Anniversary of Bombing NYPD Ends Muslim Surveillance Program 8-year-old Boy Gets His Wish: Fly Like Iron Man Sex Offenders Arrested in Slayings of CA Women India's Transgenders Celebrate Historic Ruling Tributes Mark Boston Bombing Anniversary Raw: Kan. Shooting Suspect Faces Judge
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Facebook