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Greater Louisville, Inc. to establish Old Louisville Economic Development Committee to further efforts for revitalization

Tuesday August 21, 2012

For Immediate Release:
Majority Caucus
Louisville Metro Council
Contact: Tony Hyatt 574-4137/526-3622

Louisville -- Calling Old Louisville’s efforts for economic development focused and energized, Councilman David James (D-6) officially dissolved the Oak Street Task Force at today’s final meeting of the committee.

“I established this group a year and a half ago to ensure we stayed focused on improving economic development opportunities in Old Louisville, while keeping our streets safe and infrastructure clean,” said James. “We have made great strides toward that end, but now it is time for this committee to evolve into an economic engine for change.”

Greater Louisville, Inc. will establish the Old Louisville Economic Development Committee to actively pursue economic opportunities and strategize with leaders of the community to bring businesses to the neighborhood. This committee will effectively replace the Oak Street Task Force’s efforts and add the important component of being able to enter into contracts and negotiations for future redevelopment.

“I’m so proud of this task force’s efforts to improve Oak Street and Old Louisville and appreciate all the members spending time on this important venture,” said Don Keeling, Chair of the Oak Street Task Force. “We’ve learned that in order to be successful and ultimately produce ribbon cuttings, we must have the ability to negotiate with developers and incentivize new businesses. GLI has given us that flexibility and I’m excited to partner with them.”

Highlights and accomplishments of Oak Street Task Force include:

· $360,000 allocated through Louisville Metro Government for infrastructure improvements including repaving the road, new sidewalks, new amenity zone featuring uniform street furniture, trash cans and lights, handicap ramps and new more appropriate green infrastructure for a commercial corridor;

· Crime rates at the 4th and Oak Corridor down significantly over the past year and half;

· Community organizations engaged to improve the aesthetic value of the corridor – specifically through the efforts of Dismas Charities and their daily clean-up of Oak Street from 7th Street to 2nd Street;

· Two of four TARC stops moved away from the intersection of 4th and Oak to decrease congestion along the corridor.

“Greater Louisville, Inc. is honored to partner with Councilman James and the Old Louisville community to continue work toward revitalization in Old Louisville, specifically at the 4th and Oak corridor,” said Christina Shadle, Economic Development Director for West Louisville with GLI. “The Oak Street Task Force has created a renewed focus on making Old Louisville a destination – it is now our goal to turn those efforts into reality.”

Greater Louisville, Inc. will soon announce initiatives and activities as part of the newly created committee.

Sponsor:
David James (D) 6