Plans
Projects in the works include the conversion of the former Big Four railroad bridge into a pedestrian and bicycle only bridge, the construction of a wharf along the Riverwalk Trail, and the Ohio River Bridges Project, involving the reconstruction of Spaghetti Junction (the intersection of I-65, I-64 and I-71) along with the addition of a new bridge for northbound I-65 traffic.
On August 19, 2007, city leaders and the Cordish Company, developers of 4th Street Live!, announced Center City, a $442 million, multi-year plan to develop 23 acres (93,000 m2), bounded by Second, Third and Liberty streets and Muhammad Ali Boulevard, that will include new housing, restaurants, a cinema and a boutique hotel. An estimated 500,000 square feet (46,000 m2) of floor space being created, including a 15-story structure. As the plan would require $130 million in local and state tax rebates for Cordish, it requires approval from the Louisville Metro Council and Kentucky General Assembly. There is no official start time for the project, as financing is still being secured by the Cordish Company.
Also announced in 2007, the glass and steel $50 million shopping and office complex Iron Quarter was to be constructed within the Whiskey Row Historic District, but the project was delayed and eventually set aside when property owner Todd Blue made an agreement with the city of Louisville in January 2011 to demolish the seven original buildings. In May 2011, after all seven buildings had been landmarked, a new agreement was made with the city to save five of the seven buildings by donating one and selling the other four, with the remaining two to be demolished. Facades of all seven buildings are to be preserved.
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Famous quotes containing the word plans:
“When I heard at the close of the day how my name had been receiv’d
with plaudits in the capitol, still it was not a happy night for me
that follow’d,
And else when I carous’d, or when my plans were accomplish’d,
still I was not happy,
But the day when I rose at dawn from the bed of perfect health,
refresh’d, singing, inhaling the ripe breath of autumn,”
—Walt Whitman (1819–1892)
“In preparing for battle I have always found that plans are useless, but planning is indispensable.”
—Dwight D. Eisenhower (1890–1969)
“Consider any individual at any period of his life, and you will always find him preoccupied with fresh plans to increase his comfort. Do not talk to him about the interests and rights of the human race; that little private business of his for the moment absorbs all his thoughts, and he hopes that public disturbances can be put off to some other time.”
—Alexis de Tocqueville (1805–1859)