3:26pm

Fri April 12, 2013
Lexington/Richmond

Private Money Sought for Town Branch Commons

Private dollars will fund more study into Lexington’s Town Branch Commons Project.  The feasibility study’s part of a proposal that resurrects Town Branch Creek and creates a waterfront attraction in downtown Lexington. Downtown Development Authority President Jeff Fugate says they’ll soon make their ideas public.   “Don’t have a hard feasibility date.  What I will say is coming in later in the spring and through the summer we will have public presentations of the project, opportunities for the public to engage with the designers and the planners,” said Fugate.

By fall, Fugate says they’ll have a much better idea of the project’s total cost. 

“Once we have a better idea of what the total cost might be and how we can break it into pieces, then we’ll do a more thorough and comprehensive funding strategy of which certain philanthropy will be a major part of what we’re looking for,” added Fugate.

By returning the subterranean steam to the surface, Lexington leaders hope to revitalize the downtown area.