Louisville Metro Council President David Tandy officials will accompany Louisville’s internal auditor and economic development director on a trip to the Cordish Company’s headquarters in the coming weeks.
The group is looking for an itemized report of how Cordish spent a $950 thousand forgivable loan from the city. The company used the money to renovate a bowling alley at 4th Street Live, but will not say exactly how the money was spent, calling the information proprietary.
Mayor Jerry Abramson says he trusts that the money was spent appropriately, but Tandy says city contracts should require transparency.
“There’s typically language in the agreement that says you will have to disclose how those funds are being utilized so that you can make sure those funds are being utilized in the manner they were intended to be given,” he says.
Tandy says the group will likely be shown an itemized report, which he hopes to release to the public after the trip.