Cost and value are two major factors in the University of Louisville’s decision over whether to buy city-owned land downtown. The land was to be taken up by the Museum Plaza skyscraper, which was canceled in August. U of L planned to move graduate programs for business and fine arts to the tower. The business […]
Restoration on the former Museum Plaza project site begins this week. Louisville Metro Public Works has coordinated with project developers on a plan that will reopen 7th Street at River Road. Over the next six weeks crews will be cleaning the area and clearing the two former construction sites. This includes the Science Center Parking […]
The Senate has passed the bill to raise the debt limit that the House approved yesterday. President Obama will comment soon, and is expected to sign it before sundown. The bipartisan legislation promises more than $2 trillion of budget cuts over the next decade. How does this deal affect you? Museum Plaza isn’t going to […]
Early Monday morning, the developers behind the Museum Plaza project in downtown Louisville called it quits. Craig Greenberg, Steve Wilson, Laura Lee Brown and Steve Poe sent a letter to Governor Steve Beshear and Mayor Greg Fischer saying they couldn’t build the tower. Several years, millions of dollars and hundreds of headlines had been dedicated […]
The University of Louisville is looking for a new home for its Master of Fine Arts program. The College of Arts and Sciences had planned to lease a portion of the Museum Plaza skyscraper for the program, but the project has since been scrapped. The school had refrained from seeking official approval for the MFA […]
The proposed Museum Plaza project in downtown Louisville has been canceled. The tower at 6th and Main streets would’ve been the tallest building in Kentucky. It was put on hold three years ago when the developers could not find a suitable bond deal to finance the project. Hope for the $490 million project was renewed […]
US Department of Housing and Urban Development Secretary Shaun Donovan says he supports the efforts to use a HUD-approved loan to finance construction of the Museum Plaza project. The ambitious development has been stalled for years. Last summer, city officials and the project’s developers announced plans to use money from HUD to get construction moving. […]
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.
It looks like the political season is getting into full swing again. This week we saw debates between the Louisville mayoral candidates on Wednesday and the US Senate candidates on Thursday. In between, we got some news about museum plaza, and unemployment benefits, to name a few things. After we talk about Metro news, we’ll move out into the state and hear about a fraud investigation in Lexington and that darn leaking mustard gas. Join us Friday for State of the News on State of Affairs. Listen to the Show
Museum Plaza’s developers are working with the state on an application for a $100 million Housing and Urban Development loan. The loan is arranged by HUD in Washington, but the money would come from private investors and would be guaranteed and repaid by the developers.