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Lexington Council Studying Infrastructure Fund for Job Creation

kentucky.com

Lexington council members will be asked to set aside money for infrastructure improvements that could bring new jobs.  Budget committee members discussed the details of the program Tuesday.  Funds could be used for road, sewer, sidewalk, streetscape, and public transportation improvements. 

Planning Commissioner Derek Paulsen says such improvements could encourage economic development.  “I think it’s one of those things we don’t want to make it just a downtown issue,” said Paulsen.

The initial proposal is for $750,000 to be spent on infrastructure improvements.  Council member Fred Brown asked if additional city money is allotted for these kinds of improvements, saying the idea looks like a potential private/public partnership.  “I don’t know where it falls in the economic development. I think there’s some duplication here,” said Brown.

Council will be asked to consider a formal ordinance to move the project forward. ?

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