Turns out the Urban Renewal District plan in Louisville is on life support; my reports of its demise yesterday were premature. Any of the four Councilors who voted against declaring 230 acres a blighted area could still ask for the motion to be reconsidered in December.
It appears the skepticism from some Councilors is around the concept that the plan's 25-year tax increment financing model should be clarified and otherwise recommended by outside economic analyses. Good idea, but there's only a few weeks to get such analyses. This issue's not over yet, more to come.
Read some of the comments from Mayor Chuck Sisk (a supporter of the plan) and others in the Daily Camera.
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