Town branch by rheotaxis, part 3
By Danny Mayer
Reveal, Clean, Carve, Connect is a strategy that ties the nuances of Lexington’s rich substrata to development potentials on its surface.
–From Reviving Town Branch, Scape/Landscape Architecture Team
In February, 2009, the Kentucky Economic Development Finance Authority (KEDFA) delivered preliminary approval for the creation of two Tax Increment Financing (TIF) districts in downtown Lexington: the 14.25 acre Phoenix Park/Courthouse development and the 25 acre Distillery District. Combined, the two developments projected to cost their developers $490 million to complete, of which the city and state had committed to rebate up to $135 million—or about $3.4 million per downtown acre.