By Dean Manning
For the Mountain Advocate
The Corbin City Commission approved a pair of resolutions Tuesday that permit road improvements to benefit Thunder Gap Race Track and Kowa Kogyosho’s new Corbin facility.
At the special called meeting, the commissioners unanimously approved a resolution authorizing the Corbin Tri-County Joint Industrial Development Authority to relocate, modify and improve Allison Blvd, Opportunity Drive and Buchanan Blvd. in preparation for the construction of the quarter horse track.
The roads in the Tri-County Industrial Park will be straightened and Allison and Buchanan will serve as entrances/exits to the racetrack/commercial complex that is being developed by Keeneland.
Industrial Development Authority Director Bruce Carpenter said the $900,000 in improvements are being funded through a state grant from the discretionary fund.
Carpenter says roadwork will begin within 60 days.
Keeneland officials said previously that construction on the $30 million project is expected to begin in July or August and will be completed in 2016.
The project will create an estimated 2,000 jobs and generate approximately $10 million in tax revenue.
The second resolution grants the Southeast Kentucky Industrial Authority the authority to improve S.E. Business Drive.
Carpenter said this project, involves finishing improvements to the road to connect it to the Corbin By-pass at both ends.
The project involves laying approximately one-half mile of blacktop and paving the access to the new Kowa Road.
Carpenter said the improvements are being funded with $580,000 from the governor’s discretionary fund.
The new facility, which will focus on surface treatment coating for auto parts, will initially employ 10 people with the goal of employing 30 people by 2018.