VERSAILLES — Owners of Old Taylor Distillery asked Woodford Fiscal Court on Tuesday for 30 days to gather more information before the magistrates vote on financing to help in the Millville distillery's restoration.
Distillery owners Wes Murry and Will Arvin have asked the court for assistance of about $850,000 in improvements to water, gas and electric utilities. Murry and Arvin plan to renovate the historic site and open it for tourism, events, and food and beverage services, as well as production of bourbon and other spirits.
The financing would pay for replacement of a coal-fired heating system with a natural-gas system and the extension of a gas line, doubling the size of a water line for fire suppression, and replacement of electrical lines and transformers on the property.
Improvements such as the gas-line extension and the bigger water line would help other county residents in the Millville area.
In another economic-development matter, fiscal court magistrates asked questions about a plan to use tax-increment financing to pay for new streets, electric lines, storm sewers and other improvements to Midway Station, a stalled industrial park off Interstate 64.
Lexington developer Dennis Anderson plans to put single-family houses, townhouses, restaurants and office space on the property over a 20-year period. Taxes generated from the development would be used to reimburse Anderson for about $31 million in upfront costs he would pay.
The court took no action on the matter but posed a few questions to Casey Bolton of Commonwealth Economics, a consulting firm advising Anderson. A public hearing would have to be held before fiscal court takes up the matter for a vote at a later date.