development

Local News
4:11 pm
Mon April 8, 2013

Mayor Greg Fischer Proposes Buying Colonial Gardens to Boost South End

Colonial Gardens, now and then

For the second time, Louisville Mayor Greg Fischer's office hopes to buy land to encourage development. 

Fischer is asking the council to approve $430,000 in general fund spending to buy Colonial Gardens in the South End.

The former beer garden was the site of Louisville's first zoo, and is now owned by an out-of-state trust.

The outside ownership and a recent landmarks declaration have been cited as reasons why the building has remained undeveloped and empty for nearly a decade.* 

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Local News
2:44 pm
Sun January 27, 2013

West Louisville Space Gives City Something Rare to Offer—Plenty of Land

Vacant land at 30th and Muhammad Ali.
Credit Google Maps

The announcement last week that the city had purchased 30 acres in west Louisville with the purpose of redeveloping it spotlights a key issue for job creation in Louisville—the lack of large swaths of land that can be used for advance manufacturing.

The city is buying the acreage at 30th and Muhammad Ali Boulevard from the state for $1.2 million; $750,ooo of which comes from a settlement in an unrelated dispute and the rest from funds set aside for redeveloping brown space. 

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Local News
10:58 am
Wed January 9, 2013

Ice Cream Shop, Bar and Deli Heading for Whiskey Row Area

Credit Creative Commons

A deli, a bourbon bar and an ice cream shop are opening soon on the corner of Third and Main streets, says developer Al J. Schneider Co.

They'll be called, respectively, 21deli, Down One Bourbon Bar and 2 Dips & a Shake. 

Here's the descriptions of each, in Al J. Schneider Co.'s own words:

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Local News
11:56 am
Wed September 26, 2012

New York Times Calls Downtown Bridge Plan "Out of Step"

Louisville's annual IdeaFestival draws top thinkers to the city. Ideally, it gets people talking about the city as well. This year's festival did just that, but the most recent chatter isn't entirely flattering.

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Local News
12:47 pm
Fri August 24, 2012

Why Are We So Excited About the Derby Clock?

The Louisville Clock
Gabe Bullard WFPL News

The Derby Clock (technically called the Louisville Clock) is back on Fourth Street. 

Barney Bright's kinetic sculpture was first dedicated in 1976 in the Louisville Galleria. Over the subsequent 36 years, the clock has been broken, repaired and moved. It was placed in Theater Square last year and crews have spent the last few weeks making sure the carved figurines that run a mock horse race around the clock are in working order. 

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Local News
11:52 am
Fri June 1, 2012

Sheppard Square Demolition Begins

The Sheppard Square public housing development is coming down.

The city is using a $22 million Hope VI grant to demolish and redevelop the 16-acre site. When work is complete, the area will host a mixed-income neighborhood. This is the third redevelopment of a barracks-style public housing complex in Louisville.

The other redeveloped neighborhoods are Park Duvalle, which replaced Cotter-Lang development, and Liberty Green, which replaced the Clarksdale development. 

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Local News
5:53 pm
Thu May 31, 2012

Moody's Downgrades Arena Bonds

File photo

Moody's credit rating agency has downgraded the bonds used to finance the KFC Yum Center, citing high operating costs and poor performance of businesses around the arena.

Part of the plan to pay off the bonds relies on tax increment financing. A TIF district was created in downtown Louisville so any development spurred by the facility would help pay the debt. The arena was supposed to give downtown development a boost, but Moody's says the TIF district may not be enough to support the arena.

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