LOUISVILLE, Ky. (WDRB) -- The University of Louisville Foundation has received money from the state to allow it to begin construction of a new research park.
The new park will allow engineering students, as well as others, to work along side industry experts.
Actual construction of sewers, water lines, and two overpasses is underway at the site which is between the Speed School and Papa John's Cardinal Stadium.
The work is in high gear now after the Kentucky General Assembly put up $20 million for infrastructure work.
"A good deal of this money is to complete the bridges that provide easy access in and out of the park," said Neville Pinto, the dean of the U of L's Speed School.
The property is an old industrial site, and the bridges will cross over rail lines that have been there for years. Over the next decade the U of L Foundation hopes it will become the heart of technological innovation -- the Silicon Valley of Kentucky perhaps.
"What we would like to do is to seed technological companies here in Kentucky so that all of the talent in this state actually helps the state in its economic growth," Dean Pinto said.
The technology park will also serve as a place where engineering students can get practical training by working alongside industry experts.
U of L already is partnering with General Electric on programs to benefit both the students and the appliance industry. Finding the money to build a research park will be a long-term effort, but Pinto says the support is there.
"We have support from the state, we have support from the city, we have support from local industry and it is fortunate that all of this has come together at a time when this is really needed."
Once the infrastructure work is complete, plans call for the construction of the first of several buildings.
The U of L Foundation hopes to break ground for that within the next six months.