Description

The City of Versailles (“Versailles” or “the City”) is accepting proposals (“Proposals”) to enter into an economic development lease agreement (“Lease”) or public-private partnership (“P3”) agreement (“P3 Agreement”) to develop an entertainment complex (the “Project”) at 525 Marsailles Road, Versailles, KY 40383 (the “Building” or the “Project Site”). The City seeks a highly qualified partner (“Respondents” or “Private Partners”) who can provide more entertainment options to the residents of Versailles. Versailles is willing to be creative with its arrangement and share risk and reward with the right Private Partner.

The City is accepting Proposals to lease the Building, to include developing the Building as an entertainment complex and providing entertainment services to the general public. In the event an economic development lease arrangement is not viable, Versailles will also accept P3 Proposals to design, build, finance, operate, and/or maintain the Building for this purpose.