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City staff identifies 4.17-acre Coldstream site for police training academy; explains funding split with UK
Summary
City staff said they identified a 4.17-acre site in the Coldstream Research Campus for a future police training academy, described a standard 50/50 proceeds split with the University of Kentucky on land sales, and estimated the transaction’s total cost at about $928,242 including a 6% brokerage fee.
Commissioner Ford told the council that staff have identified a 4.17-acre tract in the Coldstream Research Campus as a prospective site for a new police training academy and that the city intends to move quickly into design over the next 12 months to have a shovel-ready project when construction funding is available.
Ford said the acreage is valued at $210,000 per acre based on comparable offers worked out…
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