City lays out its options on CentrePointe
LEXINGTON, Ky. (WTVQ) – A lawyer for the City of Lexington says in an e-mail to Urban County Council members that the city could fill in the existing hole at the CentrePointe construction site downtown, or foreclose on the property after March 30th. The e-mail goes on to say that to prevent that, the developers would have to either fill-in the existing hole or start working on the parking garage that’s supposed to be built on the site. If neither happens, the city could take action, according to the e-mail.
Investors pulled out of the long-delayed private project on Wednesday, after the city announced that CentrePointe wouldn’t be considered as a site for a new Urban County Government Center because of the high cost of leasing the property.