NEWPORT, KY (FOX19) - A major development planned for Newport on the Levee will begin construction Tuesday.
The $80 million investment will close the Levee surface lot, and is expected to take two years to complete. Apartments, retail space, and a hotel are planned for phase two of the property. Capital Investment Group, Inc. will oversee the development.
Levee officials say they hope this will bring new life to the development, which has become a marquee part of the Newport riverfront.
The closure will also include the elimination of the Saratoga street cut through, which connects the street with the East dock entrance to the property. Deliveries and contractors will also be provided with alternate routes throughout the construction period.