Posted inNews

Rural road project recommendations made in Kenton and Campbell Counties

At least once a year, a representative of Rural and Municipal Aid from the Kentucky Transportation Cabinet (KYTC) presents recommended projects for the rural secondary program for the county review. Andy Yeager from KYTC visited Kenton and Campbell Counties to present the fiscal year 2022-2023 recommended projects. ​KYTC District 6 serves the 11​ counties that […]

Posted inNews

Newport approves $18 million in industrial revenue bonds for E. 11th Street development

The Newport city commission approved an order authorizing the issuance of $18,000,000 in taxable industrial revenue building bonds (IRB) for a development on E. 11th Street. According to the Commonwealth of Kentucky, IRB can be issued by municipalities to provide a lower interest rate for the financing of a project, but the issuer, in this […]

Posted inNews

State pledges $45.5 million in future tax revenue for former IRS site project

The Covington Central Riverfront project at the site of the former IRS building has secured a key funding source. The City of Covington announced today they can use up to $45.5 million in future state tax revenue to help redevelop the site. The Kentucky Economic Development Finance Authority, or KEDFA, gave the City permission to […]

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Covington receives $1.8 million federal grant to support IRS site redevelopment

The City of Covington will receive a $1.8 million federal grant to support infrastructure design for the redevelopment of the former IRS site in the city’s central riverfront area. The funding was announced this week by U.S. Secretary of Commerce Gina M. Raimondo and comes from that department’s Economic Development Administration (EDA). The 23-acre site, […]

Posted inBusiness

Take a look inside Ovation as construction progresses toward late 2022 opening

Construction on the five-story office building at Ovation began last October, and Corporex plans to deliver the finishing touches at the end of 2022, said Tom Banta, chief real estate officer of Corporex during a recent tour of the construction site. “We just signed a lease with MegaCorp Logistics for the top two floors in […]

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