DOWNLOAD BUSINESS PLAN                 Miracle Mile Mall Complex

KY Hwy-80 Mile Marker 38-39 Somerset, KY 42501

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A ‘Miracle Mile’ in Eastern Pulaski?

By BILL MARDIS Commonwealth Journal Feb 15, 2017

A developer whose name is familiar in the Lake Cumberland area is planning a $100 million tourist attraction, a self-described “Gatlinburg-Pigeon Forge” creation along Ky. 80 near the Rockcastle River in eastern Pulaski County.

Anthony (Tony) Del Spina, president of Lake Cumberland Resort near Burnside, said Tuesday from his Palm Beach, Fla. residence that his Del Spina Enterprises wants to develop a “Miracle Mile Complex” on a 428 tract he owns nine tenths of a mile west of Rockcastle River.

The proposed development will be divided into two parcels: Phase One, 300 acres on the north side of Ky. 80, and Phase two, 125 acres on the south side, (intended for future expansion). Each tract contains 2,000 feet of Ky. 80 frontage. Both parcels are centrally located, 19 miles from the heart of Somerset and 13 miles to London's I-75 interchange, Del Spina pointed out.

The front 100 acres will accommodate retail stores and lodging accommodations. The remaining 200 acres will provide residents and tourist entertainment and park attractions such as amphitheater events, nature trails, petting zoo, observation tower with chair lifts, zip lines, horseback riding through the adjacent Daniel Boone National Forest, among numerous additional activities, Del Spina’s plan notes. These activities will encompass two thirds of the complex and offer the beginning of a micro-mini Gatlinburg-Pigeon Forge type attraction, Del Spina projected.

A mile of roadways will circle though 1 million square feet of commercial-retail buildings, Del Spina said. The remaining 200-acres behind the center will house a multitude of amenities planned to entice the public to visit what is intended to provide an altogether different shopping experience. Educational guided tours of attractions within the Daniel Boone National Forest will be incorporated in the master plan.

An outdoor, 25-acre amphitheater area will offer special entertainment events throughout four seasons, Del Spina said. Heavy emphasis on Somernites Cruise, festivals, arts and craft shows, Christmas Wonderland, New Year’s extravaganzas, Easter hunts, traditional Thanksgiving events and laser light Fourth of July shows will surely attract and overbook onsite hotel/motel and restaurant accommodations, Del Spina suggested.

Objectives of Miracle Mile Complex are to design and construct the 300-acre parcel into a major regional complex to attract the 4.75 million people who annually visit and play on Lake Cumberland, as well as potential tourists coming into the area, Del Spina said. He projects a three-year development period for Miracle Mile Complex.

A project of this caliber is not new to developers Anthony and Fran Del Spina. They have recently completed Lake Cumberland Resort, a 10-mile gated lake community in Pulaski County with a taxable value of $50 million and have generated tax revenues of $17 million since its inception, Del Spina said.

The Del Spinas funded an Economic Impact Study, prepared by independent engineering firm QK4 and Colson Consultants, on feasibility of Miracle Mile Complex. The completed study includes projections of population growth, income per capita, employment opportunities, tourism statistics, employee pay scales, traffic counts in the 13-mile distance to the complex from I-75 and the 19-mile distant from Somerset. The conclusion was a ready market, in all seasons that would attract retailers and lodging companies to join the project, Del Spina contends.

Del Spina said development of I-66 or improving Ky. 80 to interstate standards would be a boost but are not keys to Miracle Mile Complex. If the Transportation Cabinet commits to providing proper access to eliminate traffic congestion, Del Spina said he immediately will put $5 million in escrow to assure development of the northern side of the project. The magnitude of this complex could generate between 2,000 and 3,000 regional jobs within the 600,000 local population living within an hour’s drive,” said Del Spina. The two largest communities in Pulaski and Laurel counties are Somerset and London with a population density of 85,000 and each only a 15-minute drive away.

“We have attended a meeting with members of Congressman Hal Rogers staff, the State Tourism Division, and recently with the Governor’s chief of staff. If state funding can be appropriated, this project would become a reality and 428-acres of farmland could become one of Kentucky’s premiere landmark projects,” said Del Spina.

“An attraction of this caliber will enhance huge tax revenues, thousands of job opportunities to justify state and county expenses to provide water, sewer lines to the project, off ramps from Ky. 80 into the project to eliminate traffic congestion and an overpass to provide access in both directions.

“No stone has been left unturned. Starting date begins with state formal agreement,” Del Spina promised. Announcement of the proposed development will be made statewide later this week, Del Spina said.


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Developer hopes to bring "mini Gatlinburg" to Pulaski County

By Angela Reighard | Feb 17, 2017 | WYMT

PULASKI COUNTY, Ky. (WYMT) - A developer is making plans to bring a "mini Gatlinburg" to Kentucky.

Del Spina Enterprises, who also built Lake Cumberland Resort, is investing $100 million in building another attraction along Highway 80 near Rockcastle River in Pulaski County.

They are calling it the "Miracle Mile Complex" and say it would resemble a tourist hot spot like Gatlinburg, Tennessee.

"We will be looking for events in all different seasons," said Tony Del Spina, developer. "We want to bring that area into a 12-month a year population." The attraction would sit on 300 acres of land. The first 100 acres would have shopping, restaurants, and hotels. The other 200 acres would be part of an outdoor entertainment complex.

"It would include everything from an amphitheater, walking trails, horseback riding through the National Forest, the whole gamut of the zip lines," Del Spina said. The idea is to capitalize on the more than four million people who visit the Lake Cumberland area each year.

"It's going to be occupational tax dollars. It's going to be jobs," said Pulaski County Judge Executive Steve Kelley. "He says when it's all complete, up to 3,000 jobs will be in the economy here. For tax-base, it would be great for us!"