City breaks ground on new spec building
PIKEVILLE — The City of Pikeville held a groundbreaking ceremony on August 3 for Kentucky Enterprise Industrial Park's speculative building.
The building is a 60,000-square-foot speculative building, funded by the Kentucky Division of Abandoned Mine Land and the U.S. Office of Surface Mining.
"The funds are part of an allocation that are being used to prepare abandoned mine lands for economic development," Interim City Manager Philip Elswick said. "The City was awarded $5 million for design and construction of the building."
Elswick said the City is very excited to see construction nearing commencement.
"The building is a tremendous tool to allow the City of Pikeville to attract potential tenants to Kentucky Enterprise Industrial Park because companies are more likely to locate in an industrial park if there is a building available for its immediate use," he said.
Since funding of the speculative building was announced last year, Elswick mentioned the City of Pikeville's Office for Economic Development has received many inquiries from companies interested in locating in the industrial park.
"I love these hills, I love these streams and I love these energetic people that you and I make up," U.S. Congressman Harold "Hal" Rogers said. "I can't wait to see who else joins us on this mountain top. You've reached the mountain peak here and what a spectacular setting it is around here. I offer you my deep felt congratulations."
In addition to Rogers, other speakers included, Senator Ray S. Jones II, Representative John Blanton and Pikeville Mayor Jimmy Carter.