Cordish

Cordish Granted Extension On Incentives Claim

by Gabe Bullard on October 1, 2010

The Baltimore-based Cordish Companies has been given an extension in its planned expansion of 4th Street Live in downtown Louisville.

Cordish has until the end of 2012 to begin its 30-year period of collecting tax incentives on the Center City development. Those tax incentives, however, mainly apply to sales tax collected in the restaurants and retail establishments in the finished development. Because Cordish will not likely finish the project by the end of 2012, the company may lose several years of potential incentives.

Because of that, Louisville Economic Development Director Bruce Traughber says he doesn’t think the extension will significantly delay the project’s completion.

“There isn’t a deadline for completion,” he says. “They’ll complete it as quickly as they can because if they don’t earn tax dollars they can’t be repaid tax dollars.”

The project is on hold until bond markets improve, and Traughber says he’s convinced Cordish is dedicated to the project.

“The Cordish Company are proven developers in more cities in this country than any other development entity,” he says. “They’re a proven commodity that knows how to do this kind of inner-city retail and that’s what they’re committed to do and we full anticipate they will be able to do that when financial conditions allow it.”

The extension was approved by state government. The state has also lowered the minimum investment Cordish must make in Center City from $200 million to $150 million.

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Committee Considers Term Limits, Contractor Spending

by Gabe Bullard November 4, 2009

The Louisville Metro Council’s Accountability and Oversight Committee has begun discussing a proposal for mayoral term limits.

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by Gabe Bullard September 8, 2009

Louisville Metro Councilman Hal Heiner says he’s disappointed with Attorney General Jack Conway’s opinion on the mayor’s economic development powers.

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by Gabe Bullard September 8, 2009

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Officials To Ask Cordish For Answers In Baltimore

by Gabe Bullard July 17, 2009

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.

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Council Members Aim To Change Bond Rules

by Gabe Bullard March 26, 2009

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Mayor, Council Clash Over Cordish

by Gabe Bullard March 18, 2009

The Baltimore-based developer Cordish Company is once again the center of a disagreement between the Louisville Metro Council and Mayor Jerry Abramson.

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Cordish Abandons Starks Building Lease

by Gabe Bullard February 20, 2009

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Center City Plans Continue

by Gabe Bullard November 7, 2008

Now that the Louisville Metro Council has released $12.2 million for the purchase of the so-called Water Company block, the city is moving ahead on plans for Center City.

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