North Kentucky News

The Covington Central Riverfront site is set to undergo a transformative development, with a proposed $150 million state allocation to make way for the Salmon P. Chase College of Law and the University of Kentucky’s School of Medicine on a corner of the 23-acre site. Mayor Joe Meyer expressed his excitement, stating, “Chase was on our wish list even before we controlled the site, and we’ve been talking with officials behind the scenes for years.”

The City's strategic approach to the development has been commended for its innovative nature. Economic Development Director Tom West highlighted the City's decision to subcontract with various developers instead of selling the entire property to one developer, aiming to provide opportunities for local smaller, minority, and women developers. This approach has contributed to making Covington an attractive destination for talent.

Elizabeth Wetzel, Director of Special Projects and Intergovernmental Affairs, emphasized the City's goal of creating a connected neighborhood that fosters development and welcomes the joint education and research facility. This development is expected to bring tangible benefits such as jobs and intellectual capital, as well as intangible benefits like innovation and entrepreneurship.

Vice Mayor Ron Washington expressed his confidence in the project, noting that the announcement provides instant credibility to the Covington plans. He stated, “This is a win-win for all the taxpayers of Covington, creating more resources for everyone.”

The proposed development is seen as a catalyst for economic growth in the region, with Kenton County highlighting its potential to complement existing life sciences companies and establish Covington as a hub for entrepreneurship and innovation. The complex is expected to house nearly 600 graduate students, faculty, and staff, further enhancing the city's reputation in these fields.

While the announcement marks a significant milestone, City officials emphasized that there are still several steps to be taken in the legislative process before the project can move forward. City Manager Ken Smith acknowledged the work ahead, stating, “But there is no doubt that this exciting announcement would be a huge move forward.”