Move of Peoples Bank building suspended

Fate of Lexington’s Peoples Bank building uncertain after move suspended

by Beth Musgrave, 9.14.16, Kentucky.com

The effort to move and save a mid-20th-century bank building on South Broadway in Lexington has been suspended after a dispute with the moving contractor and a missed moving deadline, leaving the future of the project in doubt.

Laurel Catto of the Warwick Foundation, a nonprofit that is spearheading efforts to save the former Peoples Bank, said Wednesday a contractor hired to move the building a short distance from its current location across the Rupp Arena parking lot to a new location on High Street missed the Sept. 9 moving deadline. The building — with its accordion-style roof and turquoise color scheme — is considered a significant example of mid-20th-century modern architecture.

The moving contractor has left the project. The contractor’s father, who was a partner in the moving business, suffered a stroke and died in late August. That death and other delays made it impossible for the building to be moved by Sept. 9, Catto said.

The effort to save the bank was prompted by the announcement that a 12-theater movie complex would be built on the same block. The bank building originally was supposed to be demolished for a construction staging area for the theater. It’s also likely that an entrance to a parking garage between the bank’s current site and the theater site will have to be re-routed.

Scott Davidson of Langley Properties, which owns the bank building and part of the site where the theater is scheduled to be built, said Wednesday construction on the theater has not started. It’s not clear when construction would begin…Read more at Kentucky.com

 

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