The owners of The Red Mile in Lexington, Kentucky unveiled a conceptual residential and commercial development plan on Tuesday evening at a public meeting
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According to an article in the Lexington Herald-Leader, the plan includes developing 150 to 200 condominiums and apartments, 300,000 square feet of retail and office space and a hiking trail that runs along Red Mile Road, connecting to Town Branch Trail on Old Frankfort Pike.
The concept plan also calls for preserving historic aspects of the track, including the grandstand, the track itself and an octagonal barn called Floral Hall.
"It is in a major urban area that has seen a lot of revitalization in the past couple of years," Stan Harvey, principal in the design firm Urban Collage, said during the meeting. "The owners want to create a real-estate strategy that will support the racetrack over the long haul."
To read the Lexington Herald-Leader article in its entirety, click here.
(With files from the Lexington Herald-Leader)