Earlier this week, Blue agreed to drop a lawsuit against the city in exchange for permission to destroy the buildings and help preserving or rebuilding the facades. Preservationists have criticized Fischer for not being transparent in his decision to make the deal, but Fischer dismisses those claims.
The city has given a $100 thousand low-interest loan and $20 thousand forgivable loan to a southern food and seafood establishment at Second and Main streets.
Blue says he hasn’t received any offers from developers or preservationists for the buildings. He contends that the strip cannot be reasonably preserved, and he says he wants to maintain the area’s historical appearance, but he also wants to develop downtown.
Members of Preservation Louisville will release a statement today about the city’s settlement with developer Todd Blue over the Iron Quarter buildings downtown. Blue will be allowed to tear down the buildings but will try to preserve the facades.
A display commemorating Abramson’s work on the waterfront and the new arena was unveiled Friday at the corner of 2nd and Main streets. Abramson says the developments at that corner are an important part of his legacy.
The last batch of public comments on Louisville’s bike and pedestrian master plan will be accepted Thursday. Residents of west and central Louisville have been invited to the final public forum on the plan.
The state applied for the loan through the Department of Housing and Urban Development, which uses private investments to help finance projects that will benefit multiple communities. Congressman John Yarmuth says he recently received a letter from HUD officials that said they were optimistic the loan could be arranged.
Federal and local authorities Tuesday broke ground on the first phase of a new mixed-use project called “the EDGE” at Liberty Green.
The EDGE is a mixed-income expansion to the Liberty Green housing development near Liberty and Hancock streets. It will be made up mostly of houses and apartment buildings.
Kentucky state government has granted an extension to the Baltimore-based Cordish Company to develop its Center City project adjacent to 4th Street Live in downtown Louisville. But city officials say the extension is not a sign that the project is in distress.
Republican Hal Heiner asked Democrat Greg Fischer whether he would support a bond for Museum Plaza that he has criticized Heiner for voting against on the Metro Council. Independent candidate Jackie Green asked Heiner a question about sustainable development he’d previously posed to Fischer.