Home > News Library > February 2004 >
News Item #642
[Commonwealth of Kentucky]
Frankfort Office Space Comes with a High Price
Posted: 3-Feb-2004 1:45AM CST

The Lexington Herald-Leader reported about the high price of office space in the state.s capital in a couple of weekend articles. It seems that many land deals are to the benefit of real estate investor Rodney Ratliff who is a major contributor to political campaigns; the state spends $2 million in rent each year on properties owned by Ratliff's company. Additionally, the state spent $1.2 million to buy three lots owned by Ratliff for the new transportation cabinet office building. The land was appraised by Franklin County at $92,000.

In other office space related news, Gov. Fletcher's budget proposes spending $46 million to renovate the office building which was formerly home to the transportation cabinet: leaving the building empty for years to come while hundreds of state workers are in rented office space.

More information: Lexington Herald-Leader: Most Frankfort land deals seem to help one man (Feb. 1, 2004) [Outside Link], Associated Press: Fletcher's budget includes $46 million for state office building renovation (Feb. 1, 2004) [Outside Link]

Update (Feb. 3, 2004): More information: Lexington Herald-Leader: 7 floors of luxury for the low price of $113 million (Feb. 1, 2004) [Outside Link], Lexington Herald-Leader: Plans have state spending millions on rent (Feb. 1, 2004) [Outside Link]

Update (Feb. 7, 2004): More information: Lexington Herald-Leader: Lawmakers suggest cheaper renovations (Feb. 5, 2004) [Outside Link]

Comments: [No Comments] -- [View/Post Comments]
[URL for This Item]

[View all Topics] [View all News Items]

Comments

Updated: 3-Feb-2004 1:45AM CST

Note: This website makes heavy use of the CSS standard. Your browser appears not to support CSS, or you may have CSS turned off for some odd reason. This page may render incorrectly since you are not using CSS. (more information on CSS)

Featured Items: [About this Site] [Hal Rogers Parkway] [Clay's Ferry Bridge] [Glen Lily Road Overpass] [Suggested Links] [Travel Information] [William H. Natcher Bridge]

Copyright © 2001-2023 by Jeffrey Carlyle. All rights reserved. This website is not associated with any government agency.