Franklin Approves $400M Kroger Distribution Center Bond

The Franklin Board of Commissioners approved up to $400 million in industrial revenue bonds on April 13 to finance a Kroger distribution and fulfillment facility.

Kroger Limited Partnership II will lease the facility from the city. The company will retire the bonds through lease payments, meaning the debt does not fall on Franklin, Kentucky or any other political subdivision.

The board passed Resolution A-2026, which authorized the bond issuance under Kentucky Revised Statutes Chapter 103. Interest rates and payment terms will be set in the lease agreement and bond documents.

City Clerk Cathy Dillard's office has the full resolution and financing documents available for public inspection at 117 West Cedar Street, Monday through Friday from 8:30 a.m. to 4:30 p.m.