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Why a new City Hall?

The Herald Leader sits at the gateway to downtown and creates a tremendous opportunity for the city to have an impactful and iconic City Hall while saving millions of dollars over the current situation.

Current LFUCG Office Facts and Figures

  • Occupies 5 different buildings
  • Spends $2.5 million- $4.5 million annually just maintaining current buildings
  • Buildings are inefficient in design and usability for city business

[Mayor Gray said when addressing the council on July 3rd“This building, these facilities are hemorrhaging the public, tax payer’s money.  It is a terrible waste.”]

 

SOLUTION FOR CITY HALL

CRM Companies, Lexington, KY based developer, was the clear winner selected over three other proposals by a committee of city employees.  CRM  has a wealth of experience in this sector, including ongoing maintenance of the building.

CRM Companies Proposal – Herald Leader Building

  • Consolidates all city buildings into one location
  • Saves city $39MM over the next 20 years
  • Eliminates deferred maintenance and allows the city to sale current properties
  • Fixed Lease Payment for 35 years including maintenance
  • No surprises for the city or taxpayers
  • Complete remodel allows for modern and efficient office space planning
  • City gets ownership of building and land at the end of 35 years at no charge

The next step in the process is a public hearing on August 14th, 2018 at which time the City Council will seek any public input before moving forward on the city hall project.

Article written by KSR