CINCINNATI, OH (FOX19) - An announcement on Friday is a big step forward for Purple People Bridge development.
The Kentucky Transportation Cabinet will grant $650,000 to conduct an engineering study to see if turning the Purple People Bridge into an entertainment complex is possible.
For three years, developers have been focused on a $100 million dollar project that would build 150,000 square feet of entertainment space across the bridge.
The proposed entertainment complex could include a hotel, conference and banquet centers, restaurants and other attractions.
Preliminary engineering work indicates the bridge can support the proposed development due to its eight massive limestone support pillars.
Right now, they are in talks with three developers who are interested in getting the project going.
Organizers hope the complex will create 1,000 construction and permanent jobs.
It would be the first bridge of its kind in the United States but there are three bridges in Europe who are using this concept.
"I'm very intrigued. We walk down here all the time and the city is so beautiful and they have done so much," said resident Elizabeth Ziebell. "Everything they are doing is pretty good."
Project leaders say they hope to negotiate a lease for the complex by the end of 2013 and start construction by 2015.