Before the application can be submitted, it must be open for public comment. A hearing on the plan will be held Wednesday in Frankfort.
The building’s developers have been working with city and state officials to put together an application for a $100 million loan from the Department of Housing and Urban Development. The loan would come from HUD’s Section-108 program. Twelve-hundred such loans have been distributed since 2008. Officials say the loan poses no risk to the state, as the developers have pledged to repay it.
Louisville Mayor Jerry Abramson, Governor Steve Beshear and others have scheduled a press conference for Friday morning for an announcement regarding the long-delayed Museum Plaza project along the Ohio River. Ground was broken for the 62-story skyscraper complex in late 2007, but the more than $450 million project ran into financing problems with the onset… Continue reading Officials Plan Museum Plaza Announcement
It’s Friday so it must be State of the News time. Money’s on everyone’s mind right now, so we’ll get an update on the Metro and Kentucky budgets. There’s always news about the bridges project and the arena. Finally we’ll check in with Tony McVeigh, our capitol reporter, to see what happening in Frankfort. Join us on Friday for State of the News.
Louisville Mayor Jerry Abramson delivered his final State of the City address today (Thursday) to the Rotary Club. As WFPL’s Gabe Bullard reports, the speech included his vision for Louisville over the next five years.
The University of Louisville is ready to launch its Master of Fine Arts program, but the school doesn’t yet have a place to put the students.
The University of Louisville is still counting on the construction of Museum Plaza to expand their fine arts program. WFPL’s Elizabeth Kramer reports. Some Louisville Metro Council members have raised concerns about the financing and construction of Museum Plaza, but University of Louisville officials say they’re still depending on the project to provide space for… Continue reading University Still Counting on Museum Plaza
One of the developers of the Museum Plaza project in downtown Louisville says his team remains “as committed as ever” to completing the $490 million project. Craig Greenberg discussed the project Thursday during an appearance before the Louisville Metro Council’s Labor and Economic Development Committee. Ground was broken on the 62 story complex at Eighth… Continue reading Museum Plaza Developer Addresses Metro Council Panel
In January, a failed attempt to safely drill into bedrock at the Museum Plaza site stopped construction. At the same time, developers announced they would wait for interest rates to improve before borrowing the money needed to resume work. It was hoped builders would be back on the job this month.