Features

Gov. Bevin Signs Law to Ease P3 Process

Amid all the discussion around Kentucky’s pension reform, state budget and tax reform efforts, Kentucky legislators easily passed and Gov. Matt Bevin signed P3 legislation this week that is expected to simplify the way public-private partnerships are approved in the state.

Kentucky Cited for Pro-Business Policies Like P3

Kentucky economic development leaders are getting out the word about our pro-business initiatives — including legislation to allow public-private partnerships — and gaining some national attention from site selection publications.

Tax Reform Has Real Impact on Commercial Real Estate Industry

The federal income tax legislation signed late last year by President Trump ushers in sweeping tax law changes that significantly benefit the construction industry.

COPs Financing for New Capital Plaza Project Closes

The Commonwealth of Kentucky, in conjunction with a development team led by CRM Development Company of Lexington, on Feb. 22 closed a financing for a new P3 state office building project to be built on the site of the old Capital Plaza Tower on Mero Street in downtown Frankfort, Ky.

Investment in Kentucky’s transportation system vital to all

Kentucky Governor Matt Bevin recently unveiled his priorities for road and bridge projects through the release of the next statewide highway plan. This 250-page document identifies projects and project phases totaling $8.6 billion through 2024. But, because current state and federal transportation funding is woefully inadequate, only 30 percent of the identified needs have a chance of being addressed.

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