Brian S
Now, slightly on subject, I'd like to know about downtown Louisville. Are we at a point yet where it *almost* makes financial sense to open a restaurant downtown? Is it still a huge risk? I guess not as much as it used to be. There are a lot of great places there already, and that's normally where I go when going out. Is the mentality changing yet? I love downtown, I'm down there a lot, and want people to understand so much. Anyway, I apologize for the length of this, end now.
In my opinion I think we need more locally owned restaurants and specialty shops downtown off the beaten path from the commercial area of 4th Street. As a manager of a restaurant in a district east of the second street bridge and with the perspective and "promise" of seeing a future in the residential growth within that district, I would think it is the right time to look. About mentality and the way the area is perceived from most Louisvillians it seems people are still a bit sketchy about coming downtown and straying away from the much publicized bright lights of 4th St. Live. I think East Main/Mark (main street and market street coined by Robert Hatfield) is still viewed as not as safe an area which I feel is the wrong perception and the City Government has not done much to help change that... the only real support comes from those local owners who took a chance on the true beauty of downtown and its restoration.
Now, there are a few things that I feel could help change the way its viewed.
First, I really believe that it is time for all of the local owners to band together and launch a East Main/Mark community campaign that focuses on bringing more people in that direction. The Trolley Hop was a great start but it can only do so much and even its excitement has seemed to fallen by the wayside a bit.
Second, I believe it is time for the City to really steer its focus in that direction and consider their endeavor to revitalize 4th St as a success. MR. MAYOR ITS TIME TO STEP UP TO THE PLATE AND HIT A REAL HOME RUN!!! Literally, LIGHT UP MAIN STREET AND MARKET STREET! Its time for the City Government to show some support!!!
Third, to the investors and developers of the residential areas within the East Main/Mark district, you have done exactly opposite of what was initially supposed to bring the empty nester, artists, and young business professional downtown to live, you have priced the latter two of the three out of downtown. I, personally was very excited about the prospect of possibly buying a condo and living in the area and would still like too. I make a great living and consider myself a successful young professional with a lot to give to my community. It just doesn’t make sense to me to be tied into an outrageous monthly mortgage plus maintenance fees for an overpriced condo and not have anything left to reinvest into my community such as going out to eat/drink at the restaurants downtown and shopping at those wonderful boutiques that are popping up on Main Street and Market and buying that incredible piece of art to display in my living room from a local artisan. No, doubt that all of those empty condos and future residential developments will eventually be filled but it will be a lot longer. The average salary of the young professional in Louisville staggers around $45,000-$55,000 a year. With that being stated, we are looking for and buying in more affordable residential areas that are close to downtown such as the Highlands, Germantown, Clifton etc... With default rates rising and so many Mortgage Companies who are in financial trouble because of people buying more than they could afford and foreclosures being at an all time high it is making it more difficult to acquire home loans. I do take in the consideration of the cost that has gone into the restoration of the historic buildings in the area with structure and asbestos but the city has also given tax credits to make it more affordable to do so and then also those structures built from ground zero as well were given incentives from the city to build. I do understand what it means to profit from investment and I think there should be great profits but I also feel that greed can also stand in the way of greater prosperity for all. Surely there is an Investor/Developer who understands what I am saying and truly wants to be part of a foundation for growth and there are signs of that with the mixed income housing communities being built in place of the old government housing (Liberty Green), but even those will be hard to fill with the stigma of “the projects” still lingering and from conversations with people about their perception of that area is that it is just an upscale government housing project. It is going to be a challenge to change the mind set.
With all of this being said and just my opinion, I hope that those of us who believe in the future and growth of the East Main/Mark sector of the city will rally and campaign together and bring a strong thriving community to this area and make an effort to inform those outside of the area that it is accessible, safe and most of all the place where they want to spend their time and money and be a part of this unique River City.
So far Mr. Mayor, you have not proven to me you can rally the troops but have actually alienated a faction that could have been your biggest support and its going to take a lot more than a Launch Louisville Small Business Showcase to do it to gain back some respect... we will be there no doubt but you are about two years behind schedule and that is disappointing.
I am sure people have different views and a lot probably disagree but this is my opinion and my view and I love this city and want the best for it. I would still like to someday step out on my little bitty overhang (imaginary veranda) and look out over the river and look to the left and see Museum Plaza in the distance and then look to the right and see pedestrians, colorful and bubbling down the streets in and out of locally owned businesses!
That is MY CITY! End Rant.