Washington, D.C. – February 16, 2016 – (RealEstateRama) — U.S. Rep. Harold “Hal” Rogers (KY-05) announced $2.5 million in federal funding for the Town of Martin Redevelopment Project. The U.S. Army Corps of Engineers (Corps) released the 2016 work plan, which included funds to continue acquiring property for the next phases of the project. Rogers worked to secure the funds in the fiscal year 2016 Omnibus Appropriations bill.
“This unique project has been challenging and lengthy, but we’re moving in the right direction to ultimately improve the safety of individuals, families and business owners who are patiently awaiting the redevelopment of their beloved hometown,” said Rogers. “I commend the Corps for gaining momentum on significant construction projects that are scheduled to begin in the coming months.”
The Corps’ Section 202 project is cost-shared with 95% federal and 5% non-federal funds. Utilizing these funds, the Corps will continue acquiring property within the Town of Martin. They will also complete the design of an access road from Ice Plant Hollow Road to the redevelopment site and finalize statutory environmental compliance requirements.
Last year, Rogers announced $14.9 million for the new Floyd County Schools Renaissance Learning Center, as well as the new Martin Town Hall and Police Station. Construction is scheduled to begin in April.
In 2013, Rogers joined the Corps for a ribbon-cutting celebration to commemorate the completion of the Martin Volunteer Fire Department. Numerous homes and businesses have also been removed from the floodway. The ongoing project includes flood safe redevelopment, mandatory floodplain evacuation, voluntary flood proofing and acquisition, and relocation of public facilities.
The Town of Martin has suffered ten major floods in its history.