The fields by Costco on Polo Club Blvd will become home to a new Baptist Health Lexington medical facility. Construction is expected to be a $1 billion project and will bring 600-700 new jobs to Lexington, KY.
“These are jobs with a future for hundreds of citizens. And for the City, this will create new revenue to continue to maintain a high quality of life that grows our economy and serves our citizens,” said Mayor Linda Gorton.
This project is a partnership between Baptist Health Lexington and the city of Lexington, KY. Along with providing new jobs, Baptist Health plans to give the city three acres of land to build a new fire station.
Long-term plans for the new medical campus located in Hamburg includes a multi-story hospital, a surgery center, 12 other buildings containing a combination of retail and medical office space and two parking garages
“Our goal in the development of this ambulatory campus is to envision the healthcare delivery system of the future, while maintaining the caring and quality Baptist Health Lexington is known for,” says William Sisson, president of Baptist Health Lexington. “We are proud to be able to re-invest back into this community and region to support health and wellness.”
Baptist Health also plans to provide annual flu shots for City employees over the course of 20 years, which normally can cost up to $40,000 a year.
For a 20-year period beginning in 2023, the City will provide incentives for the new Baptist Health jobs, which are expected to pay about $89,000 a year. Other incentives include rebates of the new pay roll taxes created by the new jobs. The City will rebate 1.25% of the new payroll taxes within the first five years of the 20-year period, and 1.125% between years 6 and 20.
“These are tax rebates on new jobs … jobs and tax money we would not have without this project,” Gorton said.
The Urban County Council gave initial approval for the plans in early May and construction is expected to begin in 2020.
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