Tuesday, May 21 2013 12:03 PM EDT2013-05-21 16:03:47 GMT
LOUISVILLE, Ky. (WDRB) -- This has a familiar sound. Bobby Petrino takes over a program making a conference change and looks to lift it in stature.The new Western Kentucky University coach was at the ConferenceMore >>
In Eric Crawford's "Morning Line," Bobby Petrino says he's not patient and wants to get WKU "cranked up pretty good" in a hurry, plus John Calipari's storm donation and more.More >>
Monday, May 20 2013 10:38 PM EDT2013-05-21 02:38:47 GMT
LOUISVILLE, Ky. (WDRB) -- Teddy Bridgewater doesn't ask for much. So when he told University of Louisville football coach Charlie Strong and offensive coordinator Shawn Watson that he wanted to ask somethingMore >>
Louisville quarterback Teddy Bridgewater is certainly going to be a Heisman Trophy candidate to start next season, but he has told coaches he doesn't want a Heisman publicity campaign.More >>
Monday, May 20 2013 12:41 AM EDT2013-05-20 04:41:21 GMT
LOUISVILLE, Ky. (WDRB) -- The scene is always the same. After every University of Kentucky basketball home game, the coach walks across the Rupp Arena court, puts on his headset and starts talking withMore >>
Kentucky basketball coach John Calipari will do things a bit differently with his young but talented Wildcats team this season.More >>
Tuesday, May 21 2013 2:12 PM EDT2013-05-21 18:12:06 GMT
Massive tornado, described as at least one mile wide, plows through Moore, Oklahoma -- an Oklahoma City suburb.More >>
A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods with winds up to 200 mph, setting buildings on fire and landing a direct blow on an elementary school.More >>
Monday, May 20 2013 10:48 PM EDT2013-05-21 02:48:31 GMT
Shelbyville, Ky (WDRB) -- Shelby County is stiffening its rules on underage drinking. The city council is currently considering adopting an ordinance already passed by Shelby County which will hold adultsMore >>
Shelbyville is set to enact an ordinance that will hold adults responsible when minors drink on their property.More >>
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Three Louisville Metro Council members have said they may withhold support for Mayor Greg Fischer's proposed city budget because it includes a plan to grant a half-million dollar loan to the group behind the Whisky Row renovation project. They claim the city has already granted a $1.5 million dollar forgivable loan to the project, the money could be better used elsewhere, and that the Whisky Row backers are rich people who don't need any more city help.
These are compelling arguments. But I think their opposition is a mistake.
First, this additional half-million isn't a forgivable loan, but one the city expects to be repaid – with interest. And it's just the first element of a larger plan that'll result in matching private investment totaling 1.5 million.
Secondly, Whisky Row won't be the only beneficiary of this money. As the loan is repaid, Mayor Fischer plans to reinvest that same pool of money into future historic preservation projects.
And yes, most of the Whisky Row developers have considerable personal wealth. But their success in this venture won't just benefit them, but the entire city. And besides – I'd say they constitute a pretty good risk for repayment.
This is a critical piece of the puzzle that will realize the true promise of the Arena district. And its potential to dramatically boost Louisville's economic health can't be overstated.