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Metro Council will continue discussions on the Center City Project

Thursday October 9, 2008

For Immediate release:
Louisville Metro Council
Contact: Tony Hyatt 574-4137/526-3622

By a voice vote, the Louisville Metro Council on Thursday night has tabled a resolution concerning the Center City project. Representatives of the Council will continue discussion between the Abramson Administration and the Cordish Group.

“I am encouraged on the willingness of the Cordish Group to listen to our concerns as we protect the interests of the taxpayer,” says Metro Council President Jim King (D-10). “This is much along the lines of what we have done with the Arena project and many times our questions and concerns have led to a better deal for Metro Louisville.”

Several Council members have raised concerns about the project since it was introduced in August before the Budget Committee.

“There are areas such as the use of local labor, prevailing wage and a threshold of commitment by the developers of this project,” says Majority Leader Rick Blackwell (D-12). “I have every reason to believe if we can have two weeks of more talks then we will all be comfortable with the project.”

The Council has postponed a resolution that would give the city the authority to buy the remaining pieces of property in what is known as the “Water Company” block downtown.

The Council also believes the current economic situation further merits review.

“We are looking at financial markets in flux right now,” says President King. “The developers have serious concerns about their commitment in the present economic picture. This is something we as Council members must understand as well.”

The Metro Council will hold its next meeting on Thursday, October 23rd.

Sponsors:
Jim King (D) 10
Rick Blackwell (D) 12