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Council Authorizes Filing of TIF Application for Angliana Development

By Knox van Nagell | December 3rd, 2009 | See all in Creating a Dynamic City for Everyone, Fayette Alliance Blog, How We've Made a Difference

“Lexington council to file financing application for Angliana development”

Excerpt from Kentucky.com, posted Dec. 4, 2009
By Beverly Fortune, bfortune@herald-leader.com

A proposed $70 million development on Angliana Avenue that would include a 12-screen movie theater, bowling alley, restaurants, shops and apartments will become the city’s third tax-increment financing project.

At its meeting Thursday night, the Urban County Council authorized the city to file a TIF application with the state Economic Development Cabinet on behalf of ShowProp.

ShowProp is requesting $36 million in TIF funds to pay for infrastructure improvements, said attorney Chris Westover, who represents the developer. Under the TIF arrangement, the money would be repaid with new tax money generated by the development…Read more at Kentucky.com

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The Fayette Alliance is your voice at city-hall advocating for sustainable growth in Lexington…to achieve a world-class city in our world-class Bluegrass landscape.

Since 2006, the Alliance has worked with local government to usher over 50 major land-use policies into law that promote farmland preservation and our signature agricultural industries, responsible development, and improved water quality and infrastructure in Fayette County.

We are charting Lexington's future by positively impacting local zoning and policy decisions—the very building blocks of our community. Although many challenges still remain, we are accomplishing sustainable growth in Fayette County for a better quality of life, economy, and environment for all of us.

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