Park Plaza Apartments is a 202 unit[1] 21 story residential high-rise in Lexington, Kentucky.
The complex features a 425-space seven story parking structure, with residential units beginning at the eighth floor.
Developer Wallace Wilkinson had originally proposed a $123.5 million World Coal Center, but the idea never left the drawing board due to soaring interest rates.
The rising costs of materials and various expenses led Wilkinson to request an additional $750,000 in economic development bonds in 1985.
After the cost of issuing the bonds was accounted for, at approximately $200,000, and debt service reserve at $750,000, Wilkinson would have $6.6 million available.