The Labor and Economic Development Committee met on Tuesday, June 2, 2026, at 3:02 PM in Council Chambers and virtually. Vice Chair Crystal Bast (R-14) presided. The committee considered one pending legislation item, O-144-26, regarding an amended tax increment financing (TIF) agreement for the NuLu Crossing development at 700 East Main Street. The meeting adjourned at 3:10 PM.
We do check the boxes of what the violation was. So they could just have one priority violation and still get a C, and they failed their inspection. Food not at safe temperature or cook properly, sanitizing of dishes, hygienic practices, people are not washing their hands or waste disposal sewage, toxic items labeled, not demonstrate knowledge of the inspections or food safety, no hot and cold water, insects or rodents. And they may not have priority violations, but they just have so many of the non-priority violations, their score did get below the eighty-five. Now, also a facility might get a C if we had to close them because of an imminent health hazard, such as no electricity, no water, um, infestation of insects and rodents, so facilities might have to close, and they will get a C placard posted because of that closure. So if they come in and you see a C, um, that means the facility had does have some problems, and we are working um with that facility to make the necessary corrections, but they do have to post that C. If they have corrected um the violations that we saw on the routine inspection, then they could be eligible to get an A. Now, a facility that fails two routine inspections. Um, of course, each of those inspections gives them a C placard. But if they do fail two routine inspections, then we have another placard, which would be the B placard. If you're curious about any restaurant's scores, there is a link on our website available to find that information. However, the permit won't be issued by our department until a licensed contractor is selected and verified. So it's a good idea to have some research before applying for a permit and find a contractor who is licensed by searching online. Today we're gonna learn about this from the arena. And I'm double checking, we may not be required to have a public program. Well, I think that anyway, we're not gonna be able to do that. Metro TV 30 seconds. All right, good afternoon. This is the regular meeting of labor and economic committee on Tuesday, May the 5th. No, today is June. June 2nd. I apologize. Trying to go backwards in time. The time is now three oh two, and I am the vice chair, Councilwoman Best. We are joined by Chair Ben Reno Weber via Webb. This is being held in pursuance of KRS sixty-one eight two six and council rule five A. Uh let's see. Today we are joined by Councilman Leninger, Councilman Bashan, Councilwoman Purvis. And I think that is it. If you all would like to uh read the uh okay in ordinance amending ordinance number ninety-five series twenty twenty-five in order to amend the project adopting an amended and restated development plan, approving entering into an amended and restated local participation agreement and authorizing the payment of the released amount pursuant to the terms and conditions of the amended and restated local participation agreement requiring the submission and regular reports to Louisville Jefferson County Metro government in authorizing the execution and delivery of any other documents and taking the any and the taking of any other actions necessary to accomplish the purposes authorized by the ordinance right in full. So move. Okay, good afternoon, Council members. I'm Jeff O'Brien. I'm the executive director for economic development for Louisville Metro Government. Uh the ordinance in front of you today is an amended TIFF for the New Loo Crossing project at 700 East Main Street. Um there it has been it is all they are also seeking a state TIFF. They have preliminary approval from the state. Um as they've been going through their development, as you'll recall, there were um there were medium-term rentals in that development uh project and that original development project. Um so they've removed those and gone with just a uh regular hotel. So the the principal change is um they've they've removed the office space, they've replaced that and the medium-term rental units with hotels. There will still be 340 uh rental units, 34 of those units will be affordable for people making up to 80 percent of the area median income. That is the uh that is the 10% requirement that we typically hold. There is also going to still be a significant parking garage. The parking has been reduced slightly uh from 587 spaces to 408, 476 spaces. Uh the total capital investment for this project is two hundred and seventy-five million dollars. That is slightly up. The uh cost of the infrastructure is fifty-nine point two million dollars. That is down from the um original seventy-five point two million dollars. The cap has remains unchanged at thirty-nine point four million dollars. As a reminder, this is a 30-year TIF.