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The long-planned One Park development near Louisville’s Cherokee Park is one step closer to securing all the taxpayer assistance that developer Kevin Cogan has said is necessary to build it.
One key item on Thursday's Louisville Metro Council agenda — whether to approve a $114 million TIF deal for the planned towering One Park complex.
A Louisville Metro Council committee voted 6-2 to support a local subsidy that could deliver up to $114 million in Metro funds over 30 years to support the ambitious One
The Metro Council Labor and Economic Development committee approved an ordinance that would allow tax dollars to be used to help partially fund the proposed 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.