UPDATE (4:14pm) from the KY Transportation Cabinet:
TRAFFIC ALERT - KY 2259 (Shelby Street) is closed at the intersection with 4th Street in downtown Frankfort. A portion of the pavement at this intersection has... collapsed due to a large hole that has formed in the ground underneath the roadway.
KYTC maintenance staff have closed the intersection of Shelby Street and 4th Street to traffic. Crews will spend the evening filling the hole below the roadway with concrete. Once this material has cured, they will patch the roadway with asphalt. This intersection will remain closed until late in the day on Thursday, August 13.