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Business and the Economy

Lexington Furthers Planning For 200 Acre Industrial Park

The Lexington city council is preparing to hire a consultant to help with planning for the Coldstream industrial Park site near the interstate.  Council took preliminary action during a work session last week. 

The 200 acres are part of the land-street swap agreement the city made with the University of Kentucky in 2017.  Mayor Linda Gorton told council thought is being given to a non-traditional industrial setting. “Our hope is this will not be a traditional industrial park.  That is not what we want.  We want a walkable, bike-able park with some amenities so that it will appeal to folks who live around there also,” said Gorton.

Gorton said the aim is to do all the advance work possible ahead of the transfer of ownership in a little over a year.  She added that will hopefully lead to establishment of businesses in the industrial park site at a faster pace.

There are plans for community meetings as well as examining zoning recommendations.  Under the agreement, the city is scheduled to take possession of the 200 acres in 2022.  In giving up the land off Newtown Pike, UK took control of a number of previous city streets near campus.

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