Laserfiche WebLink
SUBJECT: <br />LRC PROJECT FUNDING <br />DATE: <br />J U LY 17, 2024 <br />Expenditures <br />Advertising & Marketing <br />Staffing Support <br />Support Services - COL <br />Capital Contributions - COL <br />TIF Refunds - BC & Fire <br />City Skate <br />Downtown Vision Plan <br />Facade Improvement Programming <br />Property Improvement Programming <br />Arts & Culture <br />Assistance Agreements <br />Professional Services <br />Capital Contributions - DELO <br />Debt Service <br />Total Expenditures <br />Ending Fund Balance <br />PLAN OBJECTIVES AND BLIGHT FACTORS <br />2024 <br />75,870 <br />50,000 <br />75,000 <br />1,033,800 <br />255,380 <br />188,000 <br />150,000 <br />350,000 <br />250,000 <br />50,000 <br />980,916 <br />32,150 <br />212,301 <br />870,880 <br />4,574,297 <br />2,039,991 <br />PAGE3OF9 <br />The Louisville Revitalization Commission is responsible for carrying out the objectives <br />within the 2006 Highway 42 Revitalization Area Urban Renewal Plan. The purpose of the <br />plan is to "reduce, eliminate and prevent the spread of blight within the Urban Renewal <br />Area and to stimulate growth and reinvestment within the Area boundaries, on <br />surrounding blocks and throughout downtown". The plan states that the rehabilitation and <br />redevelopment of properties within the area will be accomplished by improvement of <br />existing structures and infrastructure, attraction of new investment and reinvestment and <br />prevention of deterioration of properties in the area. <br />COMMISSION COMMUNICATION <br />