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CentrePointe Back On Track?

Tom Godell

Mason Miller, an attorney representing the city of Lexington, says CentrePointe developers have hammered out an agreement with a third party that could take the delayed project off pause.

In a statement Friday, Miller said the Webb Cos. "have reached an agreement in principle with a third party to develop the project. We will follow up over the course of the following week with further details.”

The announcement comes about 48 hours past a deadline set by the city for the developer to negotiate with a still-anonymous investor. Following a round of legal wrangling in April, the city had set a 90-day window for the Webb Cos. to chart a path forward for the $250 million dollar development, which has yet to advance beyond excavation for an underground parking garage.

Plans for the combination hotel, office, and retail space were announced back in 2008.

Josh James fell in love with college radio at Western Kentucky University's student station, New Rock 92 (now Revolution 91.7). After working as a DJ and program director, he knew he wanted to come home to Lexington and try his hand in public radio.
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