Museum Plaza is sure to be another blockbuster addition to downtown Louisville. But before it can happen, state law needs to be changed to allow some of its hotel tax revenue to go toward improving the surrounding public infrastructure.
The Louisville Metro Council, Jefferson County's state legislators and the Louisville Convention and Visitors Bureau all support such an idea.
But the Greater Louisville Hotel and Lodging Association doesn't. It claims it would set a precedent allowing other developers to demand the same kind of deal in the future, reducing resources that currently fund Kentucky's tourism and marketing efforts.
But that's a baseless fear.
First, the bill under consideration only applies to projects in Louisville that include at least 200 million dollars in private investment. Those are pretty rare.
But more importantly, Museum Plaza itself - with its landmark architecture and museum facility -- will itself be an incredible boon to local tourism. Not only its own hotel, but all others in the area will profit from its status as a new, key travel destination in the region.
This is a clear case of public investment that will reap public benefits for generations to come. And if a change in the law is necessary to make it possible, I say go for it.
I'm Bill Lamb, and that's my...Point of View.