Wednesday, April 16 2014 10:54 PM EDT2014-04-17 02:54:16 GMT
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LOUISVILLE, KY. (WDRB) -- As part of his initiative to revitalize west Louisville, Mayor Greg Fischer announced Friday that the city has purchased a 30-acre tract of land it intends to market to companies looking to expand or relocate in Louisville.
The property is the former home of National Tobacco at 30th and Muhammad Ali Blvd, and was owned by state government. "This property is ideal and ready for development," Fischer said in a news release. "The site is clear with no significant environmental issues. It's on a rail line, abuts the interstate and is surrounded by a ready workforce."
The mayor says he wants to attract jobs, retail businesses, and new housing to the Russell, California, Portland, Chickasaw, and Shawnee neighborhoods.
Fischer said Friday, "If we can create good jobs in these neighborhoods that brings investment and spending, retail, eventually attract other shops, stores and lead citizens to buying building and renovating housing as well, the whole ecosystem has got to work together."
The city will pay $1.2 million for the property. Fischer says he and Greater Louisville, Inc. are looking for companies that will bring good jobs. "We're not looking for just any tenant. This is prime land and we want prime jobs that pay well," Fischer said. "It's very unusual to have 30 acres ready to develop in the urban core of Louisville."