LOUISVILLE, Ky. — A Metro Council committee has passed tax increment financing (TIF) for the One Park Development.
It passed the committee 6-2 with Council members Tammy Hawkins, D-1, and Donna Purvis, D-5 voting no.
The massive new project that would sit at Lexington Road and Grinstead Drive near Cherokee Park will include apartments, retail and a hotel.
Project developers argued Tuesday that with high construction prices, a development like it would not get off the ground without public funds.
Nearly 30 people showed up at Monday night’s meeting with many of them rejecting the project.
Bill Hollander, a former Metro Council member, shared the opposition.
"I supported the rezoning for the project when I was on Metro Council, but I think the developer should pay for it and not the taxpayers," he said.
If built as planned, developers would use $114 million in tax dollars over the next few decades.
The plan goes to the full Metro Council for a vote on Dec. 14.
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