Lexington Distillery District Infrastructure
The LFUCG Council recently voted to consider $3.2 million in its next general obligation (GO) bond issue for initial public improvements in the District. Such infrastructure is reimbursable to Lexington from the State per the area's recent approval as Kentucky's first Mixed Use Redevelopment of a Blighted Area Tax Increment Financing (TIF) project. This timely funding will incentivize and support immediate, evolving opportunities for a working bourbon distillery, restaurant, retail, and Bourbon Experience Center at the National Register James E. Pepper Distillery in the District. Specific public improvements and benefits include: ....enhancement of the area around the distillery buildings; ....the design and construction of the adjacent Town Branch Trail; ....celebration of Lexington founder James McConnell's c.1790 stone house as a trailhead; ....Manchester Street design as a pedestrian-friendly boulevard; and ....bus shelters, art and public amenities. This city funding can also allow completion of design and engineering of the Town Branch Trail, utility burial and the Manchester Street Streetscape. These plans can be used to secure funds to pay for additional construction, often leveraging $4 for every local dollar--with reimbursement of local funds by the State per the recently approved TIF. By providing your name and e-mail address below, you confirm support for the Lexington Distillery District and LFUCG funding of initial District infrastructure and economic development in its upcoming bond issue.