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25-acre
project in former industrial (tobacco, bourbon) corridor of west downtown
Lexington. |
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Less
than a quarter mile to Lexington Civic Center and Central Business District. |
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300,000
SF of distillery structures includes first registered distillery in Bluegrass
(1866 Old Tarr) and last to produce in Lexington--6.5 acre Pepper Distillery (Nat.
Register expected by Feb. ’09). |
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Project
tied together by Town
Branch Creek, waterway responsible for siting of city & later the
distilleries. Also basis of Lexington’s
first urban greenway--the Town Branch
Trail. |
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Historic
buildings, horses and bourbon are largest tourism generators for Kentucky
(letter of LDD support from Lexington Convention
& Visitors Bureau). |
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LDD
project now working to serve as eastern driver for the Bourbon Trail. Barrel
House Bourbon preparing to come online at Pepper Distillery (in the
barrel house, of course). |
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Three-phase,
$190 million project, including $81 million of Tax Increment Financing
(TIF) to assist with reclamation of blighted area. |
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Manchester piece of Newtown Pike Extension
to include signature
bridge over Town Branch Trail next to Old Tarr Distillery. Originally final phase of project, moved to
first in response to 2010 Games. |
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2010 Alltech FEI World Equestrian Games
being held in Lexington—first time outside Europe and largest equestrian
event ever to take place in United States.
Considered the Olympics of the equestrian world, it is expected to
bring 600,000 visitors to Lexington. |
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Two-minute
drive to University of Kentucky campus (less than a mile as the crow flies)
and nearby $450
million medical expansion. ·
Distillery District
feasibility and economic/TIF analysis performed by CH Johnson Consulting
of Chicago. ·
LDD overview contains historic tidbits,
land use maps, cultural framework, development quantities, and cost phasing. |
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