Lexington launches fund to encourage infill development

Lexington launches fund to encourage infill development
Fri, January 6, 2023
Featured, News

Lexington Times Web Editor

Lexington, Ky.–Mayor Linda Gorton invited developers planning infill or redevelopment privately funded projects to apply for the city’s new Infrastructure Fund today.

“The fund will provide a 0 percent interest loan of up to $500,000 for public infrastructure for projects that aid in long-term job creation,” Gorton said. “The goal is to enable us to both grow jobs and protect green space. We are trying to promote infill development by leveling the playing field – providing developers with an incentive to do infill projects, rather than developing green fields.”

Gorton established the $3 million Infrastructure Fund in the current budget. Critics say Gorton, whose campaign donations were dominated by the horse industry and real estate in 2022, is not doing enough to promote development of affordable housing in Lexington. Many horse industry insiders support incentives be develop infill projects, but these incentives come at the cost of other, potentially larger projects on the outskirts of town, where numerous horse farms exist.

The Economic Development Investment Board will oversee the project. Program managers are Chief Development Officer Kevin Atkins and Commissioner of Environmental Quality and Public Works Nancy Albright.

More information is available on the economic development website. 

The application is available online.

Economic Development Investment Board Members

These board members are appointed by the Mayor.

Photo: An infill development project in Lexington. (LFUCG)

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