If you live in Lexington, you know the CentrePointe hole has become part of the downtown landscape. Originally scheduled to be completed in 2010, the CentrePointe project has struggled to get off the ground for several years, and there’s no more poignant reminder than the hole the size of a full city block that’s been sitting empty since 2014.
Today, the CentrePointe project was dealt another blow when the newest developers to get involved announced they are pulling out. A lawyer for the developers sent the Lexington Urban County Council a letter this afternoon withdrawing from the project, which was slated to include a hotel, apartment building, restaurant, and retail shops.
The move comes one day after city officials were given a report about possible sites for a new city hall and ruled the CentrePoint project area one of the top three possible sites. When the city sent the developers a letter proposing that the city rent space from CentrePointe for a new city hall, the developers decided to pull out. Mayor Jim Gray said in a statement that the proposal from the developers asked too much from taxpayers.
At what point does the city just fill it with water and make it part of the Town Branch Creek?