Owned by the City of Covington, the Kentucky Career Center connects local businesses to workforce talent and job seekers to career opportunities. The facility is leased to state and regional entities, co-located to provide one-stop comprehensive employment services. The Life Learning Center, a private social service organization, delivers a holistic, integrated continuum of learning and care to help at-risk individuals find jobs and sustain living wage careers.
The Catalytic Fund structured a complex transaction that converted two vacant sites and blighted buildings into these critical community facilities. Services provided by the Catalytic Fund included negotiating a property swap between the private sector and public sector owners of the sites, structuring a master lease and seven sub leases, and coordinating the architectural, space planning, and construction components of the projects.