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Tue. Jun 18th, 2024

Neighbors oppose TIF’s construction of the Louisville Municipal Government Center

By meerna Jun12,2024

THEY ARE OPPOSITE. When the area of ​​the city and poviat offices has been currently an unused building abandoned for almost a decade, the developer Paris Town Preservation Tust, plans to transform the center of the city government at Barrett Avenue into an office, shopping area, hotel and garage. METRO COUNCIL MEMBER Philip BAKER IS A SPONSOR OF A PROPOSED ORDINANCE THAT HE SAYS WILL PUSH THE $249 MILLION PROJECT FORWARD. SO THERE IS SURPLUS PROPERTY. SO LOUISVILLE METRO IS THE ACTUAL OWNER OF THE PROPERTY. AND SO WITH EVERY PLANNED DEVELOPMENT, WE MUST CREATE A SURPLUS OF THIS PROPERTY. THEN THERE IS TIF, TAX FINANCING. DEVELOPER IS ASKING FOR A $20 MILLION TAX OR TIF INCREASE OVER 20 YEARS. The claim that we are contributing $20 million to TIF is simply not true. THE HINT IS THAT IF THEY ARE IN A CERTAIN SUB-COLLECTION, AND I BELIEVE IT’S $100 MILLION, THEN WE WILL GIVE A DISCOUNT TO THAT BECAUSE THEY PERFORMED. BUT NOT EVERYONE AGREES WITH THE PLAN, IT DOESN’T FIT, IT’S NOT RIGHT. And that’s why we’re still against it. JOHN GONDER IS THE PRESIDENT OF THE GERMAN NEIGHBOR ASSOCIATION OF PARIS. HE SAYS HE WOULD LIKE TO SEE A PLAN THAT IMPROVED THE QUALITY OF LIFE FOR NEIGHBORS. AND HE SAYS THAT THOMAS WOODCOCK, WHO LIVES IN OLD LOUISVILLE, HAS PREPARED ANOTHER PROPOSAL THAT DOES JUST THAT. I AM OPPOSITE OF THE CURRENT PLAN BECAUSE OF TIF AND ALL THE DEMOLITION AND ENVIRONMENTAL COSTS OF REMOVING ALL THE BUILDINGS, WOODCOCK SAYS HIS PLAN SAVES THE BUILDING AS A GREEN SPACE AND COMMUNITY Amenities. AND WHILE CITY PEOPLE SAY THERE ARE plans for more affordable housing and a playground, WOODcock says more needs to be done. I WOULD LIKE TO SEE A GOOD PROJECT THAT HAS COMMUNITY SUPPORT WITHOUT GRANTS AND SOMETHING

Neighbors oppose TIF construction for the Louisville Municipal Government Center and propose other plans

Once the home of city and county offices, the Municipal Government Center is now an unused building abandoned in 2015. Developer Paristown Preservation Trust plans to transform the 10-acre site on Barrett Avenue into offices, retail space, a hotel and a parking garage Metro Council member Phillip Baker is sponsoring a proposed ordinance that he says will move the $249 million project forward. “Louisville Metro owns this property. So for any development plan, we would need surplus of this property. Then there is TIF, which is tax increment financing,” Baker said. The developer is asking for $20 million in tax increment financing, or TIF, over 20 years. “The notion that we just hand over $20 million to TIF is just not true, it’s true,” Baker said. “With TIF, or tax increment financing, there are different types of tiers, but the developer has to comply to get the amount refunded.” However, not everyone agrees with this plan. “That’s true. does not fit. It is inappropriate and that is why we continue to oppose it,” said John Gonder, president of the German-Paristown Neighborhood Association. He says he would like to see a plan that would improve the quality of life for residents. neighbors and, in his opinion, Thomas Woodcock, who lives in Old Louisville, has drafted another proposal that takes just that into account. “I am opposed to the current plan because of TIF and all the demolition costs and environmental costs associated with removing all the buildings,” Woodcock said. He says his plan will save the building and add green space and community amenities. While city officials say there are plans for more affordable housing and playgrounds, Woodcock says more needs to be done. “We would like to see a good project that would have community support without subsidies,” Woodcock said.

Once the seat of city and county offices, currently the City Government Center is an unused building, abandoned in 2015.

Developer Paristown Preservation Trust plans to transform the 10-acre site on Barrett Avenue into office space, commercial space, a hotel and a parking garage.

Metro Council member Phillip Baker is sponsoring the proposed ordinance, which he believes will move the $249 million project forward.

“Louisville Metro owns this property. So for any development plan, we would need surplus of this property. Then there is TIF, or tax increment financing,” Baker said.

The developer is asking for TIF tax increment financing of $20 million over 20 years.

“The notion that we just hand over $20 million to TIF is just not true,” Baker said. “With TIF, or tax increment financing, there are different types of tiers, but the developer has to fulfill that responsibility and be repaid.”

However, not everyone agrees with the plan.

“It does not fit. It is inappropriate and that is why we continue to oppose it,” said John Gonder, president of the German-Paristown Neighborhood Association.

He says he’d like to see a plan that would improve the quality of life for neighbors, and he says Thomas Woodcock, who lives in Old Louisville, has another proposal that does just that.

“I am opposed to the current plan because of TIF and all the demolition costs and environmental costs associated with removing all the buildings,” Woodcock said.

He says his plan saves the building and adds green space and community amenities. While city officials say there are plans for more affordable housing and playgrounds, Woodcock says more needs to be done.

“We would like to see a good project that would have community support without subsidies,” Woodcock said.

By meerna

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