KY Capital Plaza P3 Moves Forward

By Nolan Miles
P3 Kentucky Staff Writer

Over the past year Kentuckians have been following the public-private partnership deal unfolding to redevelop land where the Frankfort Convention Center and Fountain Place Shops once stood. Recently, the city reached another project milestone by formally sending a letter to the state’s Finance and Administration Cabinet outlining the preferred redevelopment method.

While there have been disagreements between the state and local officials about the flexibility of the partnership, this new step brings the redevelopment of Capital Plaza one step closer to completion.

There are continued conversations about partnership constraints regarding the size of the partnership deal, the possibility of incorporating tax increment financing (TIF) and provisions behind the parking spots of a local hotel. Click here to read the full article by the State Journal

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