LOUISVILLE, Ky. (WDRB) -- Parking will remain free at Waterfront Park for now.

Louisville Mayor Greg Fischer's office announced a news conference for Tuesday afternoon where a major donation is expected to be revealed to keep parking free at the downtown park. 

According to Fischer's spokesman Chris Poynter, the news conference will reveal ten families pledging money for the next two years to keep parking free. 

The announcement is planned for 1:30 p.m. on Tuesday at the base of the Big Four Bridge.  Mayor Fischer will be there along with Waterfront Development Corporation President David Karen and Metro Councilwoman Barbara Sexton Smith. 

The Waterfront Development Corporation voted in August to begin charging for parking Wednesdays through Sundays.  The money generated was to be used to fill a major deficit in the park's budget, after Governor Matt Bevin pulled more than $400,000 in funding for the park. 

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