Council to Decide on Funds to Move Historic Bank

Lexington council questions additional $150,000 to move bank

by Beth Musgrave, 05.10.16, Kentucky.com

After nearly an hour of discussion during a work session Tuesday, the Lexington Urban County Council gave initial approval for an additional $150,000 to move and save a mid-20th Century bank on South Broadway.

The council will not take a final vote on the $150,000 for several weeks. Tuesday’s vote was to put the $150,000 on the council’s agenda.

The Warwick Foundation, which is spearheading efforts to save the building, has agreed to give council its five-year business plan before Thursday’s council meeting, when the resolution backing the city allocation will have its first reading. The city budgeted $150,000 to Warwick for the current year. The group is asking for an additional $150,000 after bids to move the bank came in around $1.3 million — $450,000 more than originally expected.

Plans call for the bank to moved to a donated site on the Rupp Arena High Street parking lot. It will then become the People’s Portal, a type of community center that can also be rented for private events…Read more at Kentucky.com

Events

No upcoming events. Check back soon or join our mailing list and get notified of future events.

Bluegrass International Cup
Popular Articles

Sorry. No data so far.