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

Poll shows support for new sales tax to support San Diego transit

The early polling results are the first step in a broad discussion that transit officials plan to have with the public.

Prestolite Electric annouces new warranty for Leece-Neville alternators

The Prestolite Power Promise warranty covers manufacturing defects; premature component failure; and more.

MBTA releases plan to advance future capital investments

Projects underway include improving real-time arrival information for subway, bus, and commuter rail trains.

HDR to help manage Capital Metro's proposed transformation

The agency's vision includes short-term enhancements to existing infrastructure, as well as traditional modes of mass transit.

N.Y. Senate passes legislation to add transit dependent NFTA board members

The new appointments could play a major role in shaping NFTA’s future, which includes a possible $1.6 billion light rail expansion.

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 number 1 resource for vocational truck fleets

Schoolbus Fleet

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

LCT Magazine

Global Resource For Limousine and Bus Transportation