Wednesday November 1, 2006
Louisville’s Waterfront Park has been named one of the nation’s Top Ten Urban Parks by the Urban Land Institute, an international planning, research and education organization. The Top Ten Urban Parks were listed in the October issue of Urban Land, a monthly magazine produced by ULI.
“What has become one of Louisville’s favorite playgrounds is now recognized as one of the country’s best as well,” said Mayor Jerry Abramson, who noted the award comes on the heels of the Waterfront Development Corporation’s 20th anniversary. “As we worked to convert piles of sand and scrap to an award-winning urban park, the Waterfront has helped to change the way people think about our downtown and our city.”
The ten parks on the list were selected for “fostering interaction, stimulating development, increasing tourism, and attracting businesses and residents.” Rounding out the top ten are: Allegheny Riverfront Park, in Pittsburgh, PA; Campus Martius Park, in Detroit, MI; Capitol Plaza, in New York, NY; Chess Park, in Glendale, CA; Heart of the Park at Hermann Park, in Houston, TX; Jamison Square, in Portland, OR; Pier A Park, in Hoboken, NJ; South Boston Maritime Park, in Boston, MA; and Wade Oval, in Cleveland, OH.
Since the creation of Waterfront Park, more than $350 million has been invested in new housing, new attractions and new and expanded businesses in the area surrounding the park.
“Waterfront Park has been a catalyst for significant change in the surrounding area, with increased property values in the surrounding area and a distinctive identity,” said David Karem, Waterfront Development Corporation Executive Director. “The transformation of our community’s front porch has helped spur a downtown housing boom and investment by new businesses.”
The Urban Land Institute is a planning, research and education organization with more than 30,000 members world-wide. Their U.S. office is based in Washington, DC; other offices are located in London, Tokyo, Hong Kong, Singapore, Sydney, Sao Paolo, and Mexico. ULI anticipates land use trends and issues, proposing creative solutions based on research.