Posted Aug 8, 2011, 1:57 AM
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Ready for blastoff!
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Join Date: Apr 2009
Location: Lafayette, Louisiana
Posts: 41
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Time to lock this thread I suppose. I hate this economy.
http://www.courier-journal.com/apps/...=2011308010020
Quote:
Developers scrap plans for Museum Plaza
Trouble getting construction loan topples Main Street skyscraper
Courier-Journal.com
They spent at least $20 million, lined up a major hotel and secured city, state and federal funding commitments, but the developers of Louisville's Museum Plaza abandoned the futuristic skyscraper project on Monday because of trouble getting a construction loan.
The city will retain ownership of the site near Seventh and Main streets, although there are no immediate plans for its use, Mayor Greg Fischer said.
The announcement brings to an end a seven-year effort to alter the city's skyline with Kentucky's tallest building. The 62-story, $465 million Main Street project envisioned offices, hotels, residences and a museum and attracted admirers and critics alike because of its unconventional design.
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"If you don't expect too much from me, you might not be let down."
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