Could an investment in the Purple People Bridge support a $100 million entertainment development? Literally?
The state of Kentucky has granted $650,000 to the city of Newport for an engineering study on the iconic Purple People Bridge, a pedestrian-only thoroughfare that was once a railroad crossing linking Newport, KY with downtown Cincinnati, OH.
Newport city officials and developers want to determine if the bridge span will support a 150,000-square-foot, multi-level, railroad-themed development that will include a boutique hotel, bars and restaurants, shops, and a conference and banquet center. So far it looks likely -- the bridge, built in 1896, is supported by eight massive limestone pillars, which preliminary engineering reports indicate will be enough to make the development structurally viable.
"We realize this project is in the very early stages, but the potential is tremendous for investment in the Southbank region, for employment, and for bringing visitors and tourists to the area and the region," said Wally Pagan, president of the Newport Southbank Bridge Co., owner of the Purple People Bridge, in a press release.
The project could support 1,000 new jobs post-construction.
"This project will provide jobs and investment and attract tourism and visitors to the region," said Rep. Dennis Keene (D-Wilder) of the 67th Kentucky House district. "I am pleased that I was able to play a role in working with the Transportation Cabinet in securing this grant for this historic and exciting project, which will create a one-of-kind attraction and destination for our region and jobs for our residents."
The engineering study is scheduled to be completed by 2013.
For more information on development projects in Northern Kentucky, visit
northernkentuckyusa.com.
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