FRANKFORT — More money is on the way for the extension of Newtown Pike in Lexington.
Gov. Steve Beshear and U.S. Rep. Ben Chandler, D-Versailles, announced Friday that the Kentucky Transportation Cabinet will authorize more than $23.5 million for property acquisition and design work for the remaining two sections of the Newtown Pike extension.
That money will be used for an extension of Versailles Road to Patterson Street and for a section of road for the new Scott Street connector to South Limestone.
About $18 million of the $23.5 million will go to acquire property between Versailles Road and South Broadway. That money will be used in part to purchase the right of way for Oliver Lewis Way, a new boulevard from Versailles Road to South Broadway. That area also includes land for a city park and the Lexington Community Land Trust, according to a release from Beshear's office.
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The trust, which will be named Southend Urban Park Village, will provide affordable, energy-efficient homes to people whose homes will be displaced by the new road project and to other individuals who qualify.
The expansion of Newtown Pike has been in the works for nearly 50 years. The first section of the expansion was completed in time for the World Equestrian Games last fall.
Newtown Pike, a main artery in Lexington, carries about 44,000 vehicles a day.