City approves reimbursement of funds to IDA for preparation of Triple Rail Site

Paducah's Board of Commissioners approved a measure Tuesday night appropriating funds to the paducah/McCracken County Industrial Development Board for site preparation at the Triple Rail Site in West Paducah.

The funds from the city are not to exceed $958,404.  The amount represents 25 percent of the projected cost of the project which is $4.6 million.  The other 75 percent of the funding will be provided by the county.