In his weekly update, Mayor Craig Greenberg unveiled new details about the Downtown Louisville Building Conversion Program, a transformative initiative aimed at revitalizing the Central Business District by repurposing vacant office spaces into residential, hospitality, or mixed-use developments.
The Kentucky General Assembly allocated funds for Fiscal Years 2025-2026 to support this program, marking a significant investment in the future of downtown Louisville.
Mayor Greenberg emphasized the program’s role in driving urban renewal, stating, “The goal of this program is to help developers and property owners take existing buildings and make the renovations necessary to turn what was once an office building into something else—something that helps us continue to build a thriving downtown. Thank you to the General Assembly for their investments in enhancing the quality of life for our residents and visitors.”
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The Downtown Louisville Building Conversion Program is designed to attract developers and property owners with projects that repurpose underutilized buildings in the heart of the city.
Eligible projects must involve adaptive reuse, with preference for substantial or complete building renovations. According to the mayor’s office, projects must be located within the Central Business District, bordered by the Ohio River, York Street, I-65, and 10th Street.
Developers must submit applications by February 10, 2025, at 5:00 PM ET.
The mayor said that awards will prioritize projects based on the square footage converted, the project’s potential to contribute to downtown revitalization, and its impact on Louisville’s overall growth. Projects with significant residential components, particularly those offering affordable housing, will receive additional consideration.
For more information, visit Louisville Metro Economic Development.
This article appears in Dec 4-17, 2024.
