Details emerged at Thursday’s Warren County Downtown Economic Development Authority meeting about a proposed three-story, 60,000-square-foot multi-use medical building on The Medical Center campus, as well as a four- or five-story parking garage and a 48,000-square-foot ambulatory and acute care building nearby.

Authority Chairman Doug Gorman also announced Thursday that a letter of intent had been signed with a new corporate tenant for Stadium Park Plaza that will occupy about 10,000 square feet of the building. An announcement of who the tenant is and more details are expected in the next week or so.

At Thursday’s monthly authority meeting, preliminary plans were discussed for The Medical Center projects after officials from Commonwealth Health Corp., parent company of The Medical Center, reached out to the authority to see if it would commit to splitting Tax Increment Financing district revenues to be used for the projects and for infrastructure.

“They didn’t want to get too far into the planning without a response from us,” authority attorney Scott Bachert said.

“They want to ensure they have a revenue stream,” Gorman said.

The authority oversees Bowling Green’s TIF district – businesses are eligible to get some of the state tax revenues returned to them for projects in the TIF district, with the authority also getting a portion.

The proposed projects at The Medical Center campus discussed were the 60,000-square-foot building being built with a private partner that would focus on medical education and include a 3,400-square-foot auditorium, the parking garage and acute care building. Also discussed was an extension of Second Avenue through the campus to connect to U.S. 31-W By-Pass. No other details were available.

Doris Thomas, Commonwealth Health Corp. vice president, did not return calls seeking comment.

The authority took no action on the proposal, but directed Bachert to inform CHC officials that the authority was generally in favor of splitting the revenue with the details to be determined as the projects came closer to fruition.

Also Thursday:

•The authority approved a 70-30 split with Western Kentucky University on TIF revenue for a project to bring a CVS pharmacy to the triangle of land formed by Kentucky and Adams streets.

Various businesses and a parking lot occupied the space until CVS bought a portion of the land and WKU struck a deal to sell and lease some adjacent property to the national pharmacy chain. Because some university parking spaces will be lost to the project and the university plans to build an adjacent parking garage, WKU officials had requested it receive 100 percent of the TIF revenue generated by the CVS to help offset some of the costs of building the roughly $18 million parking garage.

Brad Wheeler, assistant vice president of resources management at WKU, was at Thursday’s meeting and said student fees would be used to fund most of the garage project.

Authority member Melinda Hill suggested a 50-50 split of TIF revenues.

“I think the authority needs money just as much as Western does,” she said.

Member Doc Kaelin said he was in favor of a proposed 70-30 split, with WKU getting the larger share. “All it will do is enhance (the area). That corner has been an eyesore for years.”

Gorman said the triangle of land would be hard to develop for another purpose, “and CVS would never have come here except for Western.”

Authority members ultimately approved the 70-30 revenue split with only Hill voting no.

•The authority agreed to hire a consulting firm to help ensure the area is getting all the state TIF revenue it is entitled to receive.

The agreement with Commonwealth Economics of Lexington, which bills itself as the state’s leading TIF consulting firm, is for $8,250 per month and is on a month-to-month basis.

Authority members said the task of navigating the complex state regulations governing TIF districts is difficult for an all-volunteer board with no employees.

“This gets us close to having that full-time employee,” said authority member Jeff Meisel. “I wish we had them from day one.”

Authority members and Commonwealth officials previously said the hope would be that the consultants would be able to bring back more TIF revenue locally then the monthly fee.

— Follow city government reporter Wes Swietek on Twitter at twitter.com/BGDNgovtbeat or visit bgdailynews.com.