Government and community leaders are moving forward with an economic feasibility study of the Iroquois Park corridor in south Louisville.
Five members of the Metro Council have pooled $14,000 dollars from their respective Neighborhood Development Funds to help pay for the study. It will be commissioned by the Southwest Dream Team community group.
The council members, whose districts are in the area, say the study will help determine what conditions are needed to bring new business to the corridor along New Cut Road.
Officials also hope the study will spur investment in the Colonial Gardens property across from the park. The historic former roadhouse and nightclub has been vacant since 2004.
The full Metro Council approved funding for the study early this month.
(Photo courtesy of the Facebook page Restore Colonial Gardens)