The owners of 33 acres of vacant property adjacent to Blue Grass Airport in Lexington, Ky., have proposed for the land a new revenue-sharing hotel and restaurant complex, reports local business journal Business Lexington. The complex would include on 18 acres at least one, but possibly two hotels, as well as a restaurant, meeting spaces and a service station, as well as LEED-certified landscaping. The remaining 15 acres would be donated to the airport.
"What they're showing is really attractive," David Lord, president of the Lexington Convention and Visitors Bureau, told Business Lexington. "The key here is that business travelers are used to having [an airport hotel] as an option where you can come right in. Some just want to come in and have a meeting and be right at the airport."
The landowners behind the hotel and restaurant proposal recently presented their plans to the Blue Grass Airport board, which was the first step in what Business Lexington calls a "lengthy process" that will include a series of hearings before the Lexington-Fayette Urban County Planning Commission and other local entities. In order to build the proposed complex, developers must first persuade the Planning Commission to re-zone the land in question for commercial development.
If completed, owners of the complex would share with the airport revenues generated by hotel rooms and gasoline sales.
Approval for the proposed project could take as long as 10 months, and construction as long as 18 months.