LOUISVILLE, Ky. (WDRB) – Apartment builder LDG Development bought the downtown Greyhound station last month for $2.8 million.
The deal comes as Greyhound plans to open a new station in the Edgewood neighborhood near Louisville International Airport and the bus operator’s Scotland-based parent company was sold.
LDG Land Holdings LLC, the company's land acquisition arm, completed the purchase October 28, according to online records of the Jefferson County Property Valuation Administrator.
Christi-Lanier Robinson, executive vice president for LDG, said buying the bus station is in line with the company’s mission of looking for sites for affordable housing.
"While no development plans have been finalized, I suspect that whatever we do with that that site will align with our mission and what we work on on a daily basis," she said.
LDG manages more than 20 apartment, condominium and patio home complexes in Kentucky, and works in seven states.
LDG this week filed new plans for a zoning change for Prospect Cove, a proposed 178-unit, income-restricted apartment complex near Prospect. It is the company’s second attempt the secure a land-use change for the project.
The Greyhound proposal for Preston Highway and Meadow Avenue calls for using existing buildings on less than one-half acre for a bus station. A Greyhound spokeswoman told WDRB News on Wednesday that "we don’t have any updates we can share at this time" on the new station and a timeline for any changes to bus service.
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