The Covington Board of Commissioners is set to accept $10 million in state-issued grant funds next week per a resolution proposal heard at Tuesday’s caucus meeting.
The money will go to funding early infrastructural work at the Central Riverfront Development site, which sits on the site of the old IRS complex, decommissioned in 2019.
The city approved a development agreement last week for a mixed-use development on the site’s M and N blocks. Additionally, the city secured a development agreement with Drees Homes for the site’s B block in March. This year also saw a multi-million dollar injection of state money into the site for the establishment of the Northern Kentucky Center of Biomedical Excellence, which will see the relocation of NKU’s Chase College of Law and the Highland Heights branch of the University of Kentucky’s College of Medicine to the riverfront.
The grant acceptance was placed on the consent agenda for next week’s meeting, meaning it will likely pass. Read the full text of the resolution below.
Related