Focus on Business
Despite Lack of State Funds for Rupp, Some See Project as Potentially 'Transformative'
Most of the talk about moving forward with plans to re-work Lexington's Rupp Arena and build a new convention center has come from local and state government officials. But, the business sector in the Bluegrass region also has a stake in downtown development.
Commerce Lexington Director Bob Quick says the legislature's decision not to fund Rupp now should not slow the cause, "What has to happen now is we just have to make sure that Rupp being a very significant project for this region that it stay alive, it stay out there, and that we keep refining it and try to make it the best plan we can until we can get the proper funding to make it happen.”
Quick says a major economic impact of the 310 million dollar project will likely be in spin-off businesses. "As a community, I think we still have to stay strong about pushing for something that can be ‘transformative.’ Again, the impact of this on our future is huge. We want to minimize any of the down sides of not having it approved last session," added Quick.
Although everything is in the discussion phase now, Quick says development in the parking lot site could be mixed use. That means it could be office, retail, and residential.