Metro government promotes west Louisville's assets for development - WDRB 41 Louisville News

Metro government promotes west Louisville's assets for development

Will west Louisville become the city's next development hot spot?  After years of work, prime land is available and Louisville Metro government is ready to start promoting west Louisville's assets.

One property on West Broadway was home to the old Phillip Morris cigarette factory.  It is one of the locations planners are concentrating on as they try to bring new business and jobs to Louisville -- west Louisville.

A year ago, a private developer finally took the gamble -- tearing down the massive Phillip Morris factory to make it more attractive to developers willing to build stores, restaurants, and condos.

A short distance to the south, a long-abandonded chemical plant is in the final stages of being cleared.  It is among 1400 acres in the Park Hill neighborhood that are being readied for new development.

A group of seven out-of-town developers toured the west Louisvile property with its existing buildings and cleared land.  They agreed to advise the city on how best to market and redevelop the Park Hill area.

That's as people and businesses are looking toward moving back to urban areas, especially with gas prices on the rise.

The Park Hill redevelopment plan has been in the planning stages for a few years now, long before the economy went bad.  The hope is to have a strong plan in place to redevelop the area by the time the economy turns around.

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