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REAL ESTATE & DEVELOPMENT - July 1999

NORTHERN KENTUCKY
$40 Million Flight Training Center to be Built at Cincinnati Airport

FlightSafety Inc., a New York company that trains airline pilots, has begun construction on a new $40 million flight training center at the Cincinnati/Northern Kentucky International Airport.

FlightSafety currently operates a small training center in Erlanger, but will move to the new 13,000-square-foot facility when it is completed. The new building will be located near the control tower and adjacent to the site of Comair’s new headquarters and operations base.

The new FlightSafety Cincinnati Training Center will initially be equipped with two Canadair Regional Jet full flight simulators and an EMB-120 simulator. The facility will also provide space for a third CRJ simulator that will be installed within a year of its opening.

 

BOWLING GREEN
Holley’s New Distribution Center Reinforces Aggressive Growth Plan

Engine parts manufacturer Holley Performance Products has broken ground on a new 110,000-square-foot distribution center in South Central Kentucky Industrial Park that is expected add a minimum of 100 jobs over the next two years. The $3 million facility will handle wholesale, retail and mail orders for the company, which manufactures carburetors, fuel injection systems, ignition systems and other engine parts. Holley, which is headquartered in Bowling Green, produces more than 6,000 products that are utilized in marine and automotive racing vehicles as well as sports vehicles such as motorcycles, personal watercraft, snowmobiles and four wheelers.

Last year Holley’s management team, led by President and CEO Jeff King, acquired the 100-year-old company from parent company Coltec Industries Inc. Since then, Holley has acquired several other companies and has developed and released numerous new products as part of its aggressive growth plan

 

BUSINESS BRIEFS

ELIZABETHTOWN

  • Summit Polymers, Inc., a plastic injection molding company, has announced plans for a new manufacturing facility in Elizabethtown to produce parts for the automotive industry. The 60,000-square-foot facility, located in Hughes Center for Commerce, will employ approximately 150 people. Summit also operates a manufacturing facility in Mt. Sterling, Kentucky.

GALLATIN COUNTY

  • Former Governor Brereton Jones has purchased 518 acres in Gallatin County with plans to develop a golf course and lakes. The plan could also include a community of upscale homes, says Jones, if a market study reveals adequate demand. Jones bought the tract, which lies off U.S. 127 north of Interstate 71, from Hopeful Corp. for $1.4 million.

HODGENVILLE

  • Clayton Homes, Inc., a manufactured housing company headquartered in Maryville, Tennessee, has selected Hodgenville as the site of a new 100,000-square-foot manufacturing plant. Construction is expected to be complete by the end of the year and company officials anticipate hiring 200 people when the plant achieves full production.

HOPKINS COUNTY

  • Carhartt, Inc. has broken ground on its new 350,000-square-foot distribution facility, where the company expects to employ up to 400 people. The Michigan-based manufacturing clothing/accessories company currently employs more than 1,625 workers at nine Kentucky manufacturing plants located in Madisonville, Edmonton, Glasgow, Irvine, Marrowbone, Providence and Sebree.

LAUREL COUNTY

  • The New Kolb Aircraft Company, a supplier of light aircraft kits, has announced that it plans to move its headquarters from Pennsylvania to the Chesnut-Knolls Aviation Foundation’s airfield in Laurel County. The company plans to build a 8,800-square-foot plant for ultralight manufacturing at the airpark, where Kolb will have a dedicated 2,100-foot grass strip for ultralight flight, testing and sales. The facility is expected to open this month with approximately 10-15 employees.

LEXINGTON

  • LBX Company, LLC, which makes Link-Belt Excavators, has begun construction on its new headquarter facility on Palumbo Drive in Lexington. The 13,000-square-foot building will house LBX’s marketing, sales, engineering, product support, accounting and finance departments. The company’s manufacturing and parts operation will be located at the nearby Link-Belt Construction Equipment Co. facility.

LOUISVILLE

  • Universal Coach Parts, Inc. (UCP), a leading distributor of parts for motor coaches and buses, has broken ground at Jefferson Riverport International for a 350,000-square-foot distribution center. The new facility is expected to produce approximately 225 new jobs in the area.
  • Though its pursuit of half-ownership of the mall fell through earlier this year, the Owensboro-based firm of David Hocker & Associates has been signed to handle the management and leasing of Oxmoor Center. The mall, which is fully owned by Beargrass Corp. (a company formed by the family who owned Oxmoor Farm, on which the mall is built), is nearing completion on a $15 million renovation.

 

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