Tax Increment Financing (TIF) has long been a topic of discussion in Frankfort and Franklin County government.
The city took a significant step forward in its march toward a Tax Increment Financing (TIF) district to reimburse public infrastructure expenses for downtown’s Parcels B and C development.
After a robust discussion Monday, the Frankfort City Commission unanimously approved a development agreement between the city and the owner and proposed developer of the mostly vacant 12 acres of former Capital Plaza land now known as Parcels B and C.
Editor's Note: This story was updated April 11 at 5:15 p.m. to include information about possible commission action at Monday's meeting.
City of Frankfort officials have said that if need be they could “go it alone” on helping fund public infrastructure in the development of downtown’s Parcels B and C. Still, hopes are high for financial support from the Franklin County Fiscal Court.
The Frankfort City Commission heard public comments Wednesday related to the latest proposed Tax Increment Financing (TIF) Development District, and all participants urged local officials to support its creation.
New Frankfort Development LLC has big plans for Parcels B and C, the former Capital Plaza property, if its bid is accepted by the state Finance and Administration Cabinet on Friday.
Will the lone bid be accepted for Parcels B and C, the former Capital Plaza land that community and state leaders hope to see redeveloped and put on the tax rolls as a catalyst for downtown revitalization?
Frankfort Mayor Bill May’s brother-in-law is in business with the lone bidder on Parcels B and C, the former Capital Plaza property that state and local officials hope to redevelop as the catalyst for downtown revitalization.
State Journal reporters take to the streets for this weekly feature in which we ask for your opinions on a variety of topics — some weighty, some light.
Many locals were stunned to learn that two parcels of prime downtown Frankfort real estate received only a single offer of $1,000 during Wednesday’s sealed bid opening at the newly dedicated Mayo-Underwood Building. However, supporters of downtown revitalization are grateful a developer is w…
Roughly 19 months after the Capital Plaza Tower was imploded, Frankfort will officially welcome the Mayo-Underwood Building downtown at a dedication ceremony Wednesday afternoon.
A board tasked with gathering input for the Downtown Master Plan has disbanded and handed over responsibilities of implementing the plan to Downtown Frankfort Inc.
With intentions of showing a united front, the Franklin County Fiscal Court followed in the footsteps of elected city leaders by approving the first reading of a resolution to dissolve the Capital Plaza redevelopment project memorandum of agreement with the state Thursday evening.
City officials will be looking to create a committee tasked with prioritizing aspects of the Downtown Master Plan with the public’s input and ensuring implementation of the plan once the group that created it disbands.
The state office building under construction next to Capital Plaza Hotel is approximately six months ahead of schedule, officials say.
After stumbling to find interested developers, the Development Advisory Committee (DAC) will be looking to bring stakeholders together and forge a path forward on a key property for downtown redevelopment.
Editor’s note: This article was updated at 11:45 a.m. Thursday to reflect that Lee Ann Jones is the Farmers Market board’s current president and Connie Lemley is vice president.
Though local officials are pleased with the progress of the Capital Plaza redevelopment project, at least one believes things would be easier if the city alone were responsible for its implementation.
Applause briefly blotted out the grumble of construction noise Tuesday, as officials and workers celebrated the hoisting of the final beam at the site of the new state office building downtown.
Despite their differences, state and local officials are inching toward a public-private partnership to redevelop the land where the Frankfort Convention Center and Fountain Place Shops once stood.
The Capital Plaza Hotel is creating headaches for those tasked with planning downtown redevelopment in Frankfort.
In this series of four photos, an excavator operator tears apart the former Department of Education office on Wilkinson Boulevard Wednesday afternoon. With sounds of metal screeching and glass shattering, a construction crew demolished the storefronts along Wilkinson Boulevard at the former …
As local leaders weigh how to redevelop a soon-to-be vacant lot adjacent to the former Capital Plaza Tower, they’ve repeatedly raised the prospect of introducing tax increment financing — a “TIF” — to the area.
Local leaders have yet to hear from back the state on a proposed deal that would return the former Frankfort Convention Center’s land to city property tax rolls.
Franklin County residents are getting another opportunity to voice their views on Frankfort’s downtown redevelopment.
As state and local governments near a deal for returning the former Frankfort Convention Center’s land to local property tax rolls, some county leaders continue to cry foul over transparency.
The wheels of government are turning slowly toward an agreement on the process for redeveloping the land occupied by the former Frankfort Convention Center and Fountain Place Shops.
The section of Mero Street where the Capital Plaza Tower once stood will close for a year starting Wednesday, the Kentucky Transportation Cabinet said in a news release.
As a new wave of redevelopment sweeps Frankfort, those guarding the memory of what was once known as its Crawfish Bottom neighborhood are working to ensure a landmark is not forgotten.
Joy Jeffries’ apartment at the top of the Capital Plaza Hotel provided more than a sweeping view of the tower’s implosion on Sunday.
Despite concerns about wind blowing dust from the Capital Plaza Tower’s implosion downtown, the event went off without a hitch, according to officials.