City to Consider Deal with Developer on Blighted Block
After putting out a request for developers late last year, the City of Covington will consider a development plan for multiple properties on Fifth Street downtown.
At Tuesday's city commission meeting, three properties on the block of East Fifth Street between Madison Avenue and Scott Boulevard could be transferred to The Milburn Group and ECCE Properties.
11, 18, and 20 would be part of the deal.
According to the Kentucky Secretary of State's website, The Milburn Group is owned by Tony Milburn and ECCE Properties is connected to Todd McMurtry, the attorney who is building a contemporary townhouse in Historic Licking Riverside after winning an appeal at a recent city commission meeting.
11 East 5th Street was previously slated to become a chocolate shop and residence but the deal fell apart when a utility box stalled the work and other issues emerged between the developers and the city. 18 East 5th is home to Floyd's, a longtime downtown bar that still operates, and 20 East 5th is a former laundromat that houses the Covington Police Bike Patrol.
Financial details of the deal were not immediately available and the actual development plan would only be released at the meeting on Tuesday, zoning administrator Andy Juengling told The River City News.
Other items on the agenda:
The city commission will also consider a resolution to a long-running lawsuit involving the City of Covington and the owners of a billboard installed on Pike Street. Lewisburg Enterprises, LLC owns the billboard.
The police department will also undergo a reorganization that will place two assistant chiefs in the organizational chart as recommended in 2012's Management Partners report.
Photo: Floyd's (RCN file)