The U.S. Department of Agriculture on Wednesday announced a $40 million loan to help the University of Pikeville build a facility to house the Kentucky College of Optometry.
The new program will be the first college of optometry in the state.
The total cost for the project is estimated at $52 million. The project at the Kentucky College of Optometry is one of many being highlighted by the SOAR (Shaping Our Appalachian Region) initiative, which was created to boost economic development in Eastern Kentucky.
Construction on the 90,000-square-foot facility began this month and is expected to open to students in the summer of 2016.