Live Breaking News & Updates on Paristown preservation trust
Stay updated with breaking news from Paristown preservation trust. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mayor Greg Fischer announced today that Louisville Metro Government has finalized a development agreement with Paristown Preservation Trust for the former Urban Government Center property, following negotiations that began in August.
“Today begins the next chapter for this property, and we are excited that it will be given new life with features that enhance the surrounding community, including mixed-income housing,” the Mayor said.
Louisville drops developer for old Urban Government Center, will negotiate with runner-up wlky.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wlky.com Daily Mail and Mail on Sunday newspapers.
Louisville Urban Government Center pits developers against each other courier-journal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courier-journal.com Daily Mail and Mail on Sunday newspapers.
Paristown Preservation Trust wants to take over renovation of old Urban Government Center Share Updated: 6:20 PM EDT Aug 3, 2021 Share Updated: 6:20 PM EDT Aug 3, 2021 Hide Transcript Show Transcript REPORTER: THE PARISTOWN PRESERVATION TRUST MET AT THIS SITE ON TUESDAY, URGING THE CYIT TO MOVE ON FROM THE CURRENT DEVELOPER AND ALLOW THEM TO START WORKING TO RENOVATE THE OLD URNBA GOVERNMENT CTEENR. THE CITY GRANTED THE PROJECT TO UNDERHILL ASSOCIATES LAST YEAR, BUT SO FAR, THE BUILDING IS STILL SITTING EMPTY. >> STOP CHANGING THE GAME. YOU CREADTEHE PROCESS. >> ENOUGH IS ENOUGH. SAYS STEPHEN SMITH MANAGING PARTNER FOR THE PARISTOWN PRESERVATION TRUST. LAST YEAR, THE CITY SET A JUNE DEADLINE FOR UNDERHILL ASSOCIATES TO COME UP WITH A PLAN AND FUNDING TO REDEVELOP THE 10-ACRE SE.IT >> IT'S TIME TO MOVE ON. WE'RE STANDING HERE TODAY, SAYING WE'RE READYO T GET STARTED. >> A SELECTION COMMITTEEICKE PD UNDERHILL FOR THE PROJECT LAST NOVEMBER SAYING THEIR PROPOSAL RFO A MIXED-USE SITE WAS MORE REFLECTIVE OF WHAT THE COMMUNITY WANTS. TBU BRUCE WILLIAMS WITHHE T BATES COMMUNITY DEVELOPMENT CORPORATION GREW UP NEAR THE AREA AND SAYS OTHERWISE. >> THEY ARE INTERESDTE IN PRESERVING THE HERITAGE AND N OTDISPLACING PEOPLE. >> WILLIAMS SAYS PARISTOWN PRESERVATION TRUST HAS A PROVEN ACK TRRECORD IN THE AREA WITH THE DEVELOPMENT OF A CULTURAL ARTS AND ENTERTAINMENT DISTRICT IN LOWER PARISTOWN. HE BELIEVES THEY SHOULD GET TO FINISH WHAT THEY STARTED. >> IT MASKE PERFECT SENSE TO US AS A COMMUNITY DEVELOPMENT CORPORATION ATTH THE ONE GROUP THAT HAS COME UP, RESURRECTED THE COMMUNITY, THAT THEY CONTINUE. >> ACCORDING TO THE CITY UNDERHILL IS WORKING TO LL AFI $12 MILLION FUNDING GAP AND SUGGESTED USING FEDERAL STIMULUS MONEY TO DO IT. BUT SMITH SAYS PARISTOWN PRESERVATION TRUST WOULD RAISE MONEY PRIVATELY THROUGH PANERTRS, DONORS, BANKS. >> THE POINT TODAY IS WE'RE NOT STARTING OUT WITH CITY MONEY; WE'RE STARTING OUT WITH OUR OWN MONEY. AND IF YOU'VE GOT TTHA AS A SECOND CHOICE, WHY WOULD YOU GIVE $10 MILLION TO A PRITEVA DEVELOPER? WITH NO GUARAEENT OF OUTCOME? >> IF THE CITY AND UNDERHILL ARE UNABLE TO NEGOTIATE A DEVELOPMTEN AGREEMENT, THE CITY RESERVES THE RIG TO HTNEGOTIATE A NEW DEAL WITH THE RUNNERUP, PARIOWSTN PRESERVATION TRUST. IN LOUISVILLE, MUNASHE KWANGWARI, WYLK NEWS. JENNIFER: AND LOUISVILLE FORWARD RELEASED A STATEMENT TODAY. IT RDSEA IN PART, UNDERHILL ASSOCIATES WAS SELECTED FOR NEGOTIATIONS IN 2020, AND WE CONTINUE TO NEGOTIATE WITH THEM. IT IAS COMPLICATED PROJECT A
Paristown Preservation Trust urges government to begin negotiations on Urban Government Center bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Underhill's plan includes affordable housing, apartments and retail. Whatever happens will reshape the block of 800 Barrett Avenue in Paristown Pointe, a small Louisville neighborhood just east of downtown and Smoketown and near the Highlands and Germantown. The property sits blocks from Kindred Hospital Louisville as well as the Paristown Hall concert venue and Paristown Arts & Entertainment District. What's the problem? Underhill Associates was chosen to redevelop the Urban Government Center in late 2020, with a proposal that scored a score of 84.5 out of 110 from the Louisville committee assigned to review plans submitted for the property. At issue in 2021, though, is a significant portion of money needed to follow through.