Lexington Council approves $25K loan for management district

LEXINGTON, Ky. (AP) – A new management district that its backers hope will make downtown Lexington cleaner and safer is getting a jump start thanks to a $25,000 loan from the city of Lexington.
The Lexington Herald-Leader reports the Lexington Urban City Council approved the loan for the downtown management district Thursday. The loan will be paid back over the next two years.
Downtown management district board chairman James Frazier III says the loan allows the group to hire a company to develop a website and pay for other start-up costs before a new tax on downtown properties is collected and returned to the districts in October.
The board will solicit ideas from property owners for the types of services the district should provide. In other cities, downtown management districts provide additional cleaning, signage, graffiti removal and act as ambassadors for downtown visitors.
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Information from: Lexington Herald-Leader, http://www.kentucky.com

 

Copyright 2016 The Associated Press

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