Hopkinsville City Council will consider a new downtown development incentive application for renovation of the old Tom Wade Building, along with a recommendation for the L&N Depot to be transferred to the Local Development Corporation for a study.
Assistant Community Development Services Director and Downtown Renaissance Director, Holly Boggess last week presented the Committee of the Whole with a proposal from Cedar Creek Investment Company to develop the old Tom Wade Building located at the corner of 9th and Virginia streets.
She said the company plans to replace the roof and fourteen windows on the property with no alterations to the front facade windows or the eastside window.
According to Boggess, the first floor will be redeveloped for retail purposes and the second floor will contain a residential unit.
Boggess said they are making a favorable recommendation for Cedar Creek’s proposal for the Downtown Renaissance District Incentive Program.
click to download audioShe explained that the company would be eligible for the 50/50 matching grant program.
click to download audioWhen asked about the total cost, Boggess said Cedar Creek is investing approximately $200,000 to renovate the property.
click to download audioThe committee voted 10-1 to send the incentive application to city council for consideration with council member Alethea West voting no.
In other new business, Mayor Wendell Lynch recommended the city deed the historic L&N Depot to the Local Development Corporation (LDC). He added the LDC has the expertise to conduct a study and make recommendations to the city of what could be done to salvage the depot.
Mayor Lynch noted the city has some options to offset the costs of any recommendations made by the LDC, including money previously earmarked for the old train depot.
click to download audioThe committee voted 11-0 to forward the mayor’s recommendation to city council for consideration. Councilwoman Patricia Waddell-Bell was absent from the meeting.
