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Berea College Lock 12

Berea, KY (2020)

Berea College deciding to offer more scholarships decided to add onto Lock 12 (dam) to create and sell their electricity. By doing so, there is a $2,000,000 annual savings to spend on current and future scholarships.

COMMUNITY IMPACT
  • 5 FTE jobs
  • 5 construction jobs
FINANCING SOURCES
  • NMTC amount: $18,715,000
  • Total Project Costs: $23,415,000
  • CDE:
PROJECT LOCATION

101 Chestnut Street

Berea, KY 40403

Project Description

Berea College deciding to offer more scholarships decided to add onto Lock 12 (dam) to create and sell their electricity. By doing so, there is a $2,000,000 annual savings to spend on current and future scholarships.