The Royal Theater is located at 1801 West Broadway. It opened in the 1920s and became a cultural landmark known for showcasing films and community events.
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Visitors will find 200,000 LED lights making up the festive displays.
OneWest chose Gore's SmokeOut BBQ, as well as Melt 502 for its retail accelerator program.
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Backers of the tax increment financing plan say it’s a way to use an established economic development tool. But some economists, TIF scholars and land-use experts caution that its massive size and novel structure could create difficulties or unintended consequences in the future.
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OneWest has worked out a plan to repair and redevelop the homes into something more tasteful.
Organizers hope to hold the drive-thru festival in the future.
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Supporters say a taxing district for western Louisville will spur investment and bring needed economic development. But the plan has opponents questioning how the proposal came about and fear current residents may be displaced.