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
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