Louisville Still Losing Tax Revenue
Louisville has been losing tax revenue for almost a decade in one of its most valuable and potentially profitable commercial areas.
The 14 acre site and former home to a Sam’s Club has been dormant for such a long time, it’s left most locals wondering if anything will ever change for the city here.
One of the most recent proposals included a plan to install a King Soopers Marketplace grocery store, however that fell apart shortly after Amazon purchased Whole Foods last year.
Now the plan is to launch a study at a cost of about $50,000 to see if someone can determine why various redevelopment ideas haven’t panned out.
City officials apparently can’t determine whether it’s a regulation, zoning or policy issue that continues to be a barrier for commercial success and consequently significant tax revenue for Louisville from this property.
The independent study will look more closely at the site itself, and not the entire Centennial Valley corridor north of Highway 36 along McCaslin Blvd.
The former Sam’s Club building has been used on and off again for meetings, AmeriCorps temporary space, and even a church, but nothing has fully optimized the potential of this potentially lucrative space.
Zachary Epps, GRI®, ABR®, MCNE®, CLHMS®, SRES®,REALTOR®,
RE/MAX Hall of Fame, RE/MAX Platinum Club
I’d seriously enjoy having the opportunity to talk to you about your plans if you’re moving, or if you know someone who is considering a move, and needs some straight answers.