On July 14th, the Somerset-Pulaski Economic Development Authority (SPEDA) unveiled the sign to the community’s newest industrial park SPEDA Commerce Park.
The 142-acre property, formerly known as the Garner Property in the Pine Hill and Barnesburg Road area, is adjacent to East Ky. 80. This farmland offers potential industrial prospects attractive four-lane road access that will be enhanced by the construction of two interchanges at the Ky. 80 and Ky. 461 intersection.
The $69 million road project, which will relieve congestion at nearby Valley Oak Commerce Complex, is expected to begin in September.
SPEDA President and CEO Chris Girdler said he has received several responses to a request for proposal from engineering and construction firms interested in the planning, design and development of the park.
SPEDA purchased the property from Pulaski County Fiscal Court in March for just less than $1.19 million — the same price the county purchased it for last year. The county purchased the property to give SPEDA, then a new city-county partnership, time to establish itself as an organization.
You can learn more about this project here.