Amend the Expansion Area Master Plan to update the remaining residential area to reflect the 2018 Comprehensive Plan’s Goals and Objectives.
The adoption of the Expansion Area Master Plan (EAMP) in 1996 created a framework for zoning and public infrastructure that was entirely new to Lexington. However, there has been a significant shift in development patterns and land costs since that plan was adopted. Four comprehensive plans later, with all of Expansion Area 1 still to be developed, there is still time to reopen the EAMP and examine that area with fresh eyes against the needs of Lexington today. Providing for a more appropriate mix of housing options, creating a complete community (see Placemaking Policy #2) as well as taking a fresh look at the transportation infrastructure needs of the entire area would be the primary goals of the plan.
Similarly, this would give Lexington the ability to reevaluate the exaction fee program as it relates to the Economic Development (ED) zone. As laid out in previous chapters, jobs land generates a significantly higher tax return per acre than residential growth, which makes finding methods to incentivize development of ED land a priority of this plan. The 2013 Comprehensive Plan called for a workgroup to look at the broader ED issue, and while that work did result in a zoning ordinance text amendment, it was clear that further work must be done on the cost side to address the issue more fully.
- Update the Expansion Area Master Plan.