Council Approves Red Mile Zone Change
On January 14th, LFUCG Council approved the Red Mile zone change application–requesting Mixed-Use Community (MU-3) zoning for 67 acres located at 780, 790, and 1200 Red Mile Road. The Planning Commission also unanimously approved the Red Mile preliminary development plan.
This zone change will lead to a $170 million mixed-used entertainment infill project at the Red Mile racetrack.
The Fayette Alliance strongly supported the zone change application, as it satisfied the legal and statutory requirements for MU-3 zoning, and was the result of an unprecedented small area plan process that transparently involved the developer and key community stakeholders. Please view the Alliance’s official position statement of support here.
TIF financing, a final development plan, and preliminary subdivision plan will be required before building begins—and we look forward to remaining engaged in the process to ensure that any technical issues, such as stormwater drainage, sanitary sewer capacity, and traffic engineering are resolved prior to construction. Ultimately, this zone change and infill project embraces a real-estate strategy that will enhance the Red Mile neighborhood and downtown area, while securing the racetrack’s long-term financial viability and success.
This catalytic project exemplifies how urban infill and our signature equine industry can mutually benefit from an innovative growth model, and we commend the developer, LFUCG Planning Staff, and the Planning Commission for its work in moving this venture forward.