Work with the Mayor’s Office to create a long-range plan for the 250 acres of Lexington’s publically-controlled economic development land at Coldstream Research Campus.
During the development of Imagine Lexington’s Goals & Objectives in 2017, amidst conversations with economic development professionals and a study of existing opportunities, a call was made for a publicly-controlled business park. In response to Theme C Goal 3, city officials worked with the University of Kentucky (UK) to execute a land swap addressing Lexington’s need for employment land. The result was a transfer from UK of 50 acres that are “shovel ready” within the confines of the existing research park, as well as an additional 200 acres, currently used as a dairy cow research farm directly adjoining the park. The site located between Georgetown Road and Newtown Pike offers a location near the interstate ideal for attracting high-wage jobs, creating employment options for Lexington and generating payroll revenue for the city.
Given this new vehicle for economic development, Imagine Lexington recommends a long-range plan to study the possible uses, infrastructure, layouts, synergies with the existing Coldstream Master Plan and design criteria, and other opportunities for the site to maximize its potential.
- Create a Long Range Plan for the 250 acre Economic Development site at Coldstream.