Newport approves key bond for $90M housing project on old steel mill site

PLK Communities clears major hurdle toward redevelopment of former Newport Steel site in Newport - NKyTribune

PLK Communities has cleared a major hurdle toward the redevelopment of 910 Lowell Street, a long-vacant, 17-acre site formerly home to the Newport Steel Company. With the recent incentive approvals by the Newport City Commission, the company is actively advancing pre-development and design work, with hopes to begin construction this summer. Vacant since 1981, the site presents significant environmental and geotechnical challenges. PLK would comm…

Newport approves key bond for $90M housing project on old steel mill site

The $90 million townhome-style rental development planned for Route 9 in Newport is one step closer to becoming a reality.The Newport Commission passed the request for an Industrial Revenue Bond, also known as an IRB, 4-1, with Newport Commissioner Ken Rechtin voting no at a meeting on April 7. The site along Route 9 at 910 Lowell Street is often called the “old steel mill site,” which has been mostly vacant since 1981.  The site is 17.23 acres,…