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Business and the Economy

Proposals Sought for Lexington Downtown Development

kentucky.com

Lexington's Center Corporation officials are requesting proposals to develop the large parking lots across from Rupp Arena. The mixed use project would cover about 17 acres.

Developers are being asked to submit plans for a commercial and possibly residential project.  Lexington Center Corporation President Bill Owen says it would go well with the planned expansion of the convention center.  “Support other uses whether it would be hotel, restaurant, retail, residential.  Whatever it might be that could be ancillary to that convention center project,” said Owen.

Owen says the project has tremendous potential, with no need to tear down buildings.  He envisions one or more parking structures as a part of any development.  Work on the new convention center is expected to be underway this time next year.?

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