Fidelity has 450,000 sf of buildings now as part of its Midwestregional site on its 188-acre campus, one of nine across thecountry. This new building will consolidate the Midwest operationsinto one site, and add 1,500 jobs. The state gave the company $10million in incentives to build the new facility and constructed thenew road extension primarily to help funnel employees to the siteand handle 50%, or 5,600 vehicles a day, of the company's overalltraffic volume.


The road runs from KY Rd. 17 at Highland Pike, to Magellan Wayand Crosby Parkway, along mostly undeveloped land. "The new roadmakes the property more accessible to light industrial andresidential development," Dan Tobergte, president and CEO of theNorthern Kentucky Tri-Ed, tells


He says on the south side of the road, Eaton Asphalt has up to50 acres that could be converted into multifamily residentialproperty. However, the plant is very profitable, he says, and itcould be awhile before the company decides to change the land use."They would have to get that plant out of there west of therailroad tracks," he says. "We're trying to entice them to look athaving developers put condos into the hillside, but I'd say it'sstill an 'if' situation. They might not even do it, but we hopethey'll realize that the plant is not the highest use for theland."


On the north side, he says, there's another 90 acres availablefor industrial use. However, Tobergte says his group is stillworking with the city on how to get the site ready and arrangeconnections. "It's also not imminent, there's multiple propertyowners, and it's close to the creek, so there's floodplain issues.This is more in the three-to-five years away window," he says.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.