Economic Development Newsroom
Mayor: Airport Expansion Continues to Pay Dividends
Thursday August 24, 2006
UPS Ground Hub to move to airport economic-development zone
The economic-development zone created to capitalize on Louisville’s airport-expansion project will gain a major tenant when UPS relocates 900 jobs there, Mayor Jerry Abramson said today.
To help make way for its planned Worldport expansion announced in May, UPS will move its ground-hub facility from Ashbottom Road to 54-acres of the Renaissance Zone, a 3,000-acre business park south of Louisville International Airport.
“The airport-expansion project is coming full-circle by moving job-producing companies into land made available through the voluntary relocation program,” Abramson said. “The continuing commitment of UPS to the Louisville community is further return-on-investment from our decision to expand the airport. Creating jobs and investment for our community is an exceptional reuse of this land.”
The state, the city and the Louisville Regional Airport Authority created the Renaissance Zone in 2003 as a tax-increment financing district to fund infrastructure improvements to help spur the area’s industrial redevelopment. The Renaissance Zone is bounded by Fern Valley Road to the north, I-265 to the south, I-65 to the east and the CSX rail line to the west.
Airport Board Chairman J. D. Nichols noted, “This land is available due to the far-sighted and far-reaching expansion of Louisville International Airport in the 1990s, which continues to produce significant dividends for the community, and its voluntary residential relocation program.”
The Abramson administration today submitted to the Louisville Metro Council a resolution asking the Louisville Metro Planning Commission to review the rezoning of approximately 130 acres of the Renaissance Zone, including the UPS site, to accommodate commercial and industrial uses.
The Louisville Renaissance Zone Corporation will discuss the plans with nearby neighbors and property owners at a community meeting planned for September 12 at 6 p.m., at Minors Lane Elementary School, 8510 Minors Lane.