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Last month, the Franklin County Fiscal Court decided to cut its funding of the Kentucky Capital Development Corporation (KCDC) by $15,000 for a second year straight.
After not cutting KCDC last year, the city caught up with the county for this yearâs proposed budget, as it slashed the organizationâs funding by $30,000. It also cut funding for Downtown Frankfort Inc. (DFI) by $45,500.
An item of consideration for the countyâs decision regarding KCDC was a letter penned by Jim Daniel, James Inman and other âconcerned citizens,â sent to elected officials in May. That letter was critical of KCDCâs productivity, direction and integrity; it particularly honed in on KCDC President/CEO Terri Bradshawâs performance.Â
Frankfort Mayor Layne Wilkerson said he understands concerns about the proposed Parcels B and C development.
But he, along with most of the city commission, made clear after Wednesdayâs commission meeting that he is still supportive of the development arrangement the city is working toward.
The main point of contention and questioning at that meeting was the city s planned funding of a parking garage required by the state, which has a longstanding contractual obligation to provide parking for the nearby Capital Plaza Hotel and transferred that obligation to eastern Kentucky businessman Marty Johnson when he purchased Parcels B and C.