Agreement calls for Jim Porter's to be sold to MSD for $5M - WDRB 41 Louisville News

Agreement calls for Jim Porter's to be sold to MSD for $5M

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LOUISVILLE, Ky. (WDRB) -- MSD has reached an agreement to buy Jim Porter's Good Time Emporium.

"I'm a little surprised that it's closing. It's been such an institution in this town for so long," said Lesley Elmes.

According to a news release, the MSD Board authorized the purchase of the Jim Porter's Goodtime Emporium property located at 2345 Lexington Road for $5 million.

The longtime Louisville night spot will close and the property will be used in conjunction with the construction of the proposed Interstate 64/Grinstead Drive CSO Storage Basin.

Residents living nearby are not keen on the idea.

"To hear that it's going to be a sewage facility, kind of changes the feel," said Joe Rimmele. "As long as it's not like a rancid smell that starts coming across the neighborhood, I don't see any major problems.

No closing date has been set, but on the Jim Porter's website owner, Ben Rogers says, "We are looking very seriously at using the proceeds from the sale to re-open a bigger, better, upgraded Jim Porter's Good Time Emporium at a new location."

According to the news release, MSD has been in discussion with the owners over the past several years as the plans for the basin project advanced. The purchase of the property provides MSD flexibility and long term cost savings for the construction of the basin project while providing the Jim Porter's owner an acceptable alternative to the business disruptions that would have occurred during the basin construction.

MSD and the owner will work to finalize details and timelines for the eventual closing of the business.

MSD plans to locate an underground-covered storage basin behind Jim Porter's Good Time Emporium. This basin will offer Beargrass Creek and the surrounding area protection from combined sewer overflows. The Jim Porter's property will be used as a staging area for the construction phase of the basin project. MSD currently expects that most or all of the property will be sold following completion of construction.

The 8.5 million gallon I64/Grinstead Basin CSO Basin is a $45 million project which is part of the $850 million Federal Consent Decree. Construction on the basin will begin in 2017 and will be completed in 2020.

MSD plans to construct storage basins as part of a larger endeavor to prevent sewage from overflowing into Louisville's waterways. Proposed basins throughout our city are designed to capture rainwater and raw sewage, which otherwise can overwhelm the sewer system during rain events and flow untreated into our waterways.

The basins are intended to retain the mixture of rainwater and sewage until the rain subsides, and then gradually release it back into the sewer system for treatment.

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