City of Louisville's Current Projects
The City of Louisville showed its commitment to economic development in 2009 by revising its Unified Development Code to make it easier to develop properties and expand economic opportunities in Louisville. The revised code increased the number of tools available for economic development by expanding enterprise zones, tax abatements (including abatements for community development) and a revolving loan fund (C.I.C).
Beck Industrial Commerce Center
The City of Louisville has received grants and other funds to develop the Beck Industrial Commerce Center. The complex includes 80 acres of developed space including five existing buildings with over 200,000 square feet of space available for immediate lease. Located in the southwest portion of the City of Louisville, the Beck Industrial Commerce Center also includes 200 acres of green-fields available for industrial development between State Route 44 and Beck Road. It is expected that once the Beck Industrial Commerce Center is developed (completion anticipated in 2012) the property will aid the City of Louisville in improving its economic development by revitalizing non-residential resources, encouraging commercial and industrial development within the City’s tax base, expanding current businesses and employment opportunities to reflect a diversifying market, and hopes to attract more employers to raise the tax base. All-in-all, the Beck Industrial Commerce Center development is envisioned to create over 500 jobs in the Louisville area. With the completion of the Beck Industrial Commerce Center, the City of Louisville, along with its private partners Groffie Investments will be able to offer premium industrial sites for business development.
Main Street / Route 153 Reconstruction Project
The City of Louisville is in the process of correcting traffic flow and updating Main Street through the State Route 153 (Main Street) reconstruction project. The work being done on Main Street, including the replacement of all traffic signals, the replacement of sidewalks, turn lanes developed at major intersections such as the California Avenue junction, and the relocation of utilities will bring the road up to ODOT standards and better support today’s increased traffic on state routes. Furthermore, the City increased its right of ways in order to facilitate future water main replacements along the corridor.