Wednesday, April 16 2014 10:54 PM EDT2014-04-17 02:54:16 GMT
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LOUISVILLE, KY. (WDRB) -- The city of Louisville plans to buy Colonial Gardens and market it for redevelopment.
Mayor Greg Fischer introduced an ordinance at Metro Council on Monday to buy the historic South End landmark for $430,000. "I believe Colonial Gardens has great potential and my economic development team is eager to market the property," Fischer said. "With the proximity to the park and the Iroquois Amphitheater, there is potential for a broader redevelopment strategy in the area."
The city is already in preliminary discussions with a potential buyer, according to Director of Economic Growth and Innovation Ted Smith. "The property is part of our heritage and is a great location and gathering for food and drink -- so any redevelopment will likely take advantage of what has worked there in the past," Smith said.
Colonial Gardens was a beer garden, a night spot, and a neighborhood gathering place at New Cut Road and Kenwood Drive. Built in 1902, it operated as a restaurant and later, a zoo and beer garden.