City decides to fill in CentrePointe hole, on one condition

LEXINGTON, Ky. (WTVQ) – The City of Lexington has told the company that owns the two tower cranes  on the CentrePointe property that it plans to fill in the site if no work is done on the underground garage by March 30th.

The “heads up” letter was sent to the Pennsylvania-based crane company since it’s equipment is sitting in the hole.  The city has already said it has the right to seek up to a $4.4 million dollars in reimbursement and if it doesn’t get it, it can foreclose on the property.

The developers who took over the $166 million dollar project from the Webb Companies pulled out of the project a couple of weeks ago. They made the decision after the city announced it would cost too much to build a new government center on the CentrePointe site.