Tuesday, October 25, 2011

AIA Kentucky President Richard Polk Comments on Economy in The Lane Report

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.
Read the full article here.

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