Management & Operations

Lextran board approves GE site purchase

Posted on June 20, 2013

Lexington, Ky.-based Lextran’s board members voted unanimously to enter into an agreement with GE for the purchase of the 13.69 acre tract of property that is the former site of the GE Lighting Kentucky Glass Plant.

The purchase is contingent upon approval from the Federal Transit Administration (FTA) and the completion of the 90-day due diligence period. Lextran will pay the contracted price of $1.7 million for the property.

Pending approval from the FTA, Lextran will construct a new facility just steps away from their current location. The move to the GE site will allow Lextran to expand and enhance maintenance operations and consolidate administrative functions, which are currently housed at two locations. Additional improvements will enrich passenger services and position Lextran for future growth.

The GE Lighting Kentucky Glass Plant, which opened in 1946, manufactured several different types of glass for light bulbs prior to its closing in July 2010. Since the plant ceased operation the property has been vacant.

Consistent with trends around the country, Lextran’s redevelopment of the site will qualify for the Kentucky Brownfield Redevelopment Program, which promotes the re-use of former industrial sites.

View comments or post a comment on this story. (0 Comments)

More News

San Francisco pilots 'pee-repellent' paint to stop public urination

Nine city walls feature the special paint, which sprays urine right back onto the shoes and pants of unsuspecting relief-seekers.

L.A. Metro mobile app adds geofencing, beacon technology

Will soon allow app users to receive messages that communicate contextually relevant information about service alerts, special events, or discounts near Metro stations and stops.

Controversy brews over new Translink CEO's possible pay

The transportation agency’s search firm posted a job advertisement online last week that outlined a compensation package of $319,000 in base salary, a bonus of up to 30%, a $14,000 transportation allowance and a $1,200 parking allowance.

Denver RTD launches mobile-friendly website

Enhancements on the redesigned site include new ways to customize schedules and the ability to look up the next scheduled departure from a stop or current location with the new Next Ride tool.

Starbucks partners with ride-sharing co. Lyft for rewards program

Includes a plan to reward Lyft drivers and customers in the U.S. with My Starbucks Rewards “stars” that will count toward food and beverages at Starbucks stores.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close