New Midway KY Homes are on the way

A rezoning of what was industrial property has now made way for the construction of 600 Midway KY Homes.  The Midway City Council approved the zoning change on property located NE of I-64 & KY 341 on approximately 172 acres.  The applicant was Dennis Anderson from Lexington, and the plan incorporates a proposed 605 homes and townhouses.  The project is a comprehensive development that includes plans for a hotel (w/ 80 rooms), winery, health care operation, and a 3.5 mile walking path.

So, what does this really mean for Midway Kentucky?  It means that if this plan proceeds as currently proposed, that Midway will see a BIG change.  According to the information filed with the planning commission, Midway currently has a TOTAL of 623 homes that are occupied.  This project basically DOUBLES the number of Midway KY homes - which is a tremendous undertaking.

The real estate developer intends to purchase the property for a little over $6 million from the Woodford County Economic Development Authority - provided no legal entanglements show themselves.  The Woodford Coalition had opposed the rezoning, and has not stated their intent to file a legal recourse against the decision.

While several persons have voiced their support for the development in that they want some new activity to take place in their community, critics are saying that perhaps there is change needed, but this is not necessarily the correct choice to get it.  With the proposed new homes in Midway Kentucky, comes along with it a potential increase in services costs for the county.  [Commercial ventures generally bring in money to a county, residential ventures generally cost more due to service requirements with sewers, police, water, fire departments, etc.]  Additionally, basically doubling the number of Midway homes will double the number of people in the community.  A hard adjustment to make with just 1 project leading the way.  Its sort of like putting all of your eggs into 1 basket.

It will be interesting to see how this real estate development works out for the Midway community.  Hopefully the gamble will pay off - and along with this residential home development, will come with it some commercial and retail ventures that will provide an influx of capitol and jobs into the community.