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Coldstream Research Campus

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.

Action Item(s)

  • Create a Long Range Plan for the 250 acre Economic Development site at Coldstream.

Goals and Objectives

GOAL C1: Support and showcase local assets to further the creation of a variety of jobs.

Objective: C1a

Strengthen efforts to develop a variety of job opportunities that lead to prosperity for all.

GOAL C2: Attract the world’s finest jobs, encourage an entrepreneurial spirit, and enhance our ability to recruit and retain a talented, creative workforce by establishing opportunities that embrace diversity with inclusion in our community.

Objective: C2a

Prioritize the success and growth of strategically-targeted employment sectors (healthcare, education, high-tech, advanced manufacturing, agribusiness, agritourism, and the like), and enable infill and redevelopment that creates jobs where people live.

Objective: C2b

Improve opportunities for small business development and workers who rely on personal technology.

Objective: C2c

Review and improve regulations and policies that attract and retain high paying jobs through close collaboration with agencies that focus on economic development.

GOAL C3: Identify, provide and sustain readily available publicly-controlled economic development land to meet Fayette County’s need for jobs, amending the Comprehensive Plan as necessary to ensure it remains an up-to-date and workable framework for economic development.

There are no objectives related to this policy that further this particular goal.