Land sold for resort planned near Kentucky s Red River Gorge Follow Us
Question of the Day By - Associated Press - Thursday, April 1, 2021
LEXINGTON, Ky. (AP) - Investors are obtaining land for development of a private, upscale resort near Kentucky’s Red River Gorge, a nonprofit group said, but with significant local opposition the project is far from a done deal.
Red River Economic Development announced Wednesday that private investors signed a contract to buy 891 acres (360 hectares) near Slade for about $2.25 million, the Lexington Herald-Leader reported. The land is currently privately owned by entrepreneur Ian Teal.
There is significant local opposition to resort development of the land outside the borders of the Red River Gorge, one of Appalachia’s most beloved natural attractions.