Lexington, Ky. – A 488-acre limestone quarry in Meade County is going up for auction in November, according to Sheldon Good & Company, a real estate auction firm based in New York.
The winning bidder will acquire one of the region’s last fully-zoned and nearly fully-permitted quarry for the mining of scrubber stone – high-calcium limestone.
All major permitting hurdles were overcome over the last decade, resulting in a maximized 440 permitted acres, while still enabling operational flexibility of the site for the winning bidder.
The road-grade aggregates in this quarry have a wide variety of uses in construction and infrastructure. In addition, the site’s scrubber stone is used to remove sulfur from power plant emissions. The St. Genevieve seam of limestone found at this site is used by most power plants throughout the entire Ohio River Valley.
Demand for scrubber has increased as a greater focus on the environment has driven federal policy and regulation. In addition to the site’s abundance of scrubber stone and the advantage of its rising demand, the quarry is positioned on a one-mile stretch of the Ohio River.
The sealed bid deadline is 5 p.m. on Wednesday, November 11, 2015. For more information on the auction, call 800-516-0015 or visit www.sheldongood.com.
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