LOUISVILLE, Ky. (WDRB) -- Louisville Mayor Greg Fischer, along with the nonprofit Seed Capital Kentucky, signed an agreement Thursday paving the way for the $56 million West Louisville FoodPort.
The development will be located in the Russell neighborhood, near the corner of 30th Street and Muhammad Ali Boulevard.
According to a news release, the FoodPort will be, "dedicated to the growing, aggregation, distribution, processing and storage of locally and regionally produced food," and will, "revitalize a long-neglected block of land in west Louisville, while creating jobs for people who live nearby, enhancing Louisville's tax base and resulting in architecturally significant buildings and spaces for active and passive recreation."
"This will be a one-stop place where consumers and food producers can meet," Fischer said, according to the news release. "It's a green, job-creation project."
"We are excited to reach this important milestone in the development of the West Louisville FoodPort," said Caroline Heine, of Seed Capital, according to the release. "As stewards of this property, we have been entrusted to work with our neighbors to transform it from its current state as a barren brownfield into a living, dynamic, productive asset for our community."
In all, FoodPort is expected to result in 350 new jobs, including 150 temporary construction jobs, plus 200 permanent jobs. In addition, businesses relocating there in the first phase will bring another 60 existing jobs, according to the news release.