Less building activity translates into decreased demand for services by the 2,300 licensed architects in the state. Less building also means there is more and more competition – often from huge national mega-firms – for the projects that do get green-lighted.
“It has been a tough time for the last couple of years,” said Richard Polk, president of the Kentucky chapter of the American Institute of Architects (AIA) and a partner in EOP, a Lexington architecture and interiors firm.
EOP’s portfolio includes the $81 million Kentucky Transportation Cabinet office building in Frankfort, the $127 million UK College of Pharmacy Building, and a role in the long-stalled $200 million-plus CentrePointe mixed-use development in downtown Lexington.
“Buildings aren’t built with pocket change, and the banks have been tight with money. There’s a lack of credit for builders,” Polk said.
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