Distillery District Feasibility Study

Last week the consultant team released the Final Report of the Lexington Distillery District Improvements Program Feasibility Study  The report provides three alternatives and a ranking system, with costs ranging from $14 to $24 million  The report recommends Alternative #3 with a cost of $17 million and by far the highest ranking.

The report also prioritized early action items deemed essential in catalyzing private sector investment: a preliminary plan for the street and trail; a phased evaluation regarding floodplain boundaries; a utility service partnering initiative; a sanitary sewer service implementation plan, and a stream revitalization plan.  The total estimated cost for these early action items is estimated at $825,000.  Approximately $1.7 million remains in the original bond allocation that can be applied to this project.

The preliminary findings were presented to Council on April 23rd.  You can watch that presentation here and see the report here.  You can also read articles regarding the study here and here.