Louisville Metro Council gives final approval on One Park subsidy deal
Metro Council approved a $114 million subsidy deal to help build the development at the corner of Lexington Road and Grinstead Drive near Cherokee Park.
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Metro Council approved a $114 million subsidy deal to help build the development at the corner of Lexington Road and Grinstead Drive near Cherokee Park.
Project developers argued Tuesday that with high construction prices, a development like One Park would not get off the ground without public funds.
The public got the chance to weigh in on a proposal to use tax dollars to partially fund the controversial One Park development near Cherokee Park.
In 2019, Kevin Cogan pledged to make 10% of the apartments affordable to get a lucrative public subsidy. Greenberg officials later agreed to less.
A massive new development project near Cherokee Park is now looking to get funding from Louisville Metro Government. But community members don't approve of the move.