LOUISVILLE | Museum Plaza | 696 FT / 214 M | 61 FLOORS - Page 24

King weatherman3 · #**461** Posted: **Oct 1, 2008, 11:59 PM**

what about it 'Captial Plaza" ??

King weatherman3 · #**462** Posted: **Oct 12, 2008, 2:46 PM**

city center would cancalled??

i hope center city would be appoved.

LvilleSlggr73 · #**463** Posted: **Dec 18, 2008, 10:06 PM**

It's been over 2 months now....does anyone in Louisville or anywhere else for that matter have any new info on MP or any of the other projects going on in Louisville....I'm thinking City Center is going to be an awesome extention to 4th Street Live especially with a new tower and the way it looks in the rendering is pretty cool...hope the tower is a bit taller than 15 stories though. Anyway, any updated info would be appreciated.

Myke

King weatherman3 · #**464** Posted: **Dec 19, 2008, 9:46 PM**

captial plaza will be appoved in 2009, Louisville will more skyscraper tower, maybe tallest building by future!

Jibba · #**465** Posted: **Dec 20, 2008, 2:57 AM**

I'm really hoping this one sticks it out and ends up skyward in the future. Easily one of my top five favorite proposals in the country.

King weatherman3 · #**466** Posted: **Dec 21, 2008, 10:38 PM**

Museum plaza start next mouth about in Jan, I guess. Louisville keep growth of skyscraper, etc....

vistaridge · #**467** Posted: **Dec 27, 2008, 1:16 AM**

Quote:

Originally Posted by LvilleSlggr73

It's been over 2 months now....does anyone in Louisville or anywhere else for that matter have any new info on MP or any of the other projects going on in Louisville....I'm thinking City Center is going to be an awesome extention to 4th Street Live especially with a new tower and the way it looks in the rendering is pretty cool...hope the tower is a bit taller than 15 stories though. Anyway, any updated info would be appreciated.

Myke

Actually:
The rendering is the same as proposed for many other cities. Nothing unique.
4th street live has not grossed one dollar since it opened.

4th street live has been subsidized by public dollars since it opened to the tune of $5M.

4th street live's shelf life is another couple of years.

City Center will not build out as depicted by the rendering.

You may want to investigate this project proposal a little further than the rendering as it is making for stormy political waters for the Mayor and Cordish developer because it included among other outrages things a $3M bail out of 4th street, a parking structure valued at $11M gifted for $2M a 99 year lease for a dollar on Louisville Gardens and it goes on and on.

arenn · #**468** Posted: **Dec 27, 2008, 2:03 PM**

Museum Plaza, sadly, appears to be dead.

LvilleSlggr73 · #**469** Posted: **Dec 27, 2008, 3:55 PM**

LOL, thanks for the opinions and information....I guess we'll see what happens. It'll be too bad if 4th Street Live does fall apart within a couple of years as it does seem to have livened up the downtown area. Oh well I guess we'll just have to deal with the consequences. I just hate it that citizens have poured so much into 4th Street, etc and it hasn't made one penny since it opened and has over 4 million visitors a year. Sad, just sad.

Myke

King weatherman3 · #**470** Posted: **Dec 27, 2008, 8:56 PM**

Why? museum plaza be dead??

what about Captial Plaza???

LvilleSlggr73 · #**471** Posted: **Dec 28, 2008, 8:24 PM**

Quote:

Originally Posted by vistaridge

The site is for sale. They can't sell a site in disaray. Improving a site never precludes vertical construction of specific type.

Define Developer - There are no fee developers as of now for MP. Certain conditions must be corrected and obligations fulfilled. Browns selling millions in RE in Oldham County to cover cost.

I swear another building will have to built and occupied before some will let loose of this tale that was never to be.

Give it 6-9 months I suspect you'll see other plans develop. Perhaps not the sexy illusion of a pretty architect rendering that couldn't be built for less than $200/ft. Yet, a practical, stately addition to our riverfront that doesn't require $150 million of your tax dollars.

Now would you like that?

Would you care to share with this information that you are claiming about the MP site being for sale? I've tried looking it up but amazingly can't find anything about it at all. I would think that if the site was for sale, we'd know about it because after all the touting it'd be big new, no? Anyway, not trying to start a fight, but one of my last posts I did ask about this and received no response so I'd like to know as I'm sure others would too where this info came from, pretty please. Or Is it some kind of insider info that you are unable to share with the commoners? I just would really like to know. I also wouldn't mind seeing the info on 4th Street Live not grossing a single dollar too as I find that totally amazing that it hasn't. I'm not saying it has but only that I can't believe it hasn't yet. It's been what, 4 years and over 4 million visitors a year and if just 1/2 of them spent $10 while there, that'd be $80,000,000. But with all the clubs, shops, restaurants, etc, i'm willing to bet it's more than that. How much did the damn thing cost again? Anyway, if it hasn't made money yet, that's a shame but it eventually should, if it makes it past it's projected failure date of approximately a couple of years.

LvilleSlggr73 · #**472** Posted: **Dec 28, 2008, 8:45 PM**

Well, smack my ass and call me Sally, I did find something about 4th Street Live and about it's not having made any money yet. The thing is that it actually said it was actually the way the deal was done that was why it hadn't technically made a profit. I'm willing to bet the project itself has made money but probably had other things tied to it and that's why they say it hasn't yet and haven't paid the city any monies yet.

I remember seeing an interview with Lynda Carter, you know the Wonder Woman and she said that she had a backend deal with Warner Bros to get a percentage but she never got a dime because they grouped a large number of projects together or something and most of those were duds when compared to WW and that's why she never got anything beyond her salary. Probably pretty much the same thing here.

The article did say that that was the reason they wanted to build City Center or something to that effect and were willing to put $250-$430 million of their own money into it and about $24.4 million of it's own money. I don't want a bad deal for Louisville either, so I'm hoping city council knows what they're doing for the sake of ALL of Louisville.

vistaridge · #**473** Posted: **Jan 4, 2009, 4:02 AM**

Quote:

Originally Posted by LvilleSlggr73

LOL, thanks for the opinions and information....I guess we'll see what happens. It'll be too bad if 4th Street Live does fall apart within a couple of years as it does seem to have livened up the downtown area. Oh well I guess we'll just have to deal with the consequences. I just hate it that citizens have poured so much into 4th Street, etc and it hasn't made one penny since it opened and has over 4 million visitors a year. Sad, just sad.

Myke

well that is your local gov burocrating private enterprise it is an oxymoron. I agree w/ you sad....the best thing for this city to focus on is outing this Mayor and lets get on the business of buiding this city the way the citizens want it and on the prinicple that made it a great city at the turn of the century.

samoen313 · #**474** Posted: **Jan 4, 2009, 5:01 AM**

museum plaza is not dead. steve kelley is still fully committed to the project. new loans and financing are being sought, but the project hasn't been abandoned. rex still has several people representing this building full-time, so for a firm with only one other active project, they wouldn't be keeping people around if there wasn't still a push to move forward.

Plasticman · #**475** Posted: **Jan 6, 2009, 6:56 AM**

Quote:

Originally Posted by samoen313

museum plaza is not dead. steve kelley is still fully committed to the project. new loans and financing are being sought, but the project hasn't been abandoned. rex still has several people representing this building full-time, so for a firm with only one other active project, they wouldn't be keeping people around if there wasn't still a push to move forward.

I would hope it isn't dead but look at what is happening elsewhere for a measuring stick. Comparable buildings in comparable cities like Nashville's Signature Tower is being downsized from over 1,000' to likely 850' or possibly less if it gets built at all, Charlotte is experiencing a lot of unfinished projects (although they snuck Wachovia in just in time before the finance problems). Louisville is in the same boat as everyone else....grand ideas at the worst possible time.

King weatherman3 · #**476** Posted: **Jan 8, 2009, 10:23 PM**

Bad news: river park place is cancalled, sorry :-(

samoen313 · #**477** Posted: **Jan 9, 2009, 2:57 AM**

this isn't a quick buck project like signature tower or half of what is going up in charlotte. it's a university and cultural institution on top of hotel, res, and offices. this project has had a lot of investment and interest and steve wilson will keep it running until financing comes through. financing is so hard to come by at this point a lot of stalling will happen. but that in no way means cancellation. it's tough to wait, but do just that, and in a year if this thing hasn't moved, we might ask more questions.

vistaridge · #**478** Posted: **Jan 12, 2009, 3:26 PM**

Quote:

Originally Posted by samoen313

museum plaza is not dead. steve kelley is still fully committed to the project. new loans and financing are being sought, but the project hasn't been abandoned. rex still has several people representing this building full-time, so for a firm with only one other active project, they wouldn't be keeping people around if there wasn't still a push to move forward.

who is steve kelley?

who is rex?

what firm are you talking about?

What role is Steve Poe playing in it? He is the published developer.

I'd be fully committed if I was spending someone else's money - wouldn't you?

samoen313 · #**479** Posted: **Jan 12, 2009, 5:19 PM**

i meant steve wilson, not kelley. my good friend is his nephew and i keep forgetting the last name isn't the same.

rex is the firm behind museum plaza headed by joshua prince-ramus. rex was once the new york office of rem koolhaas' office of metropolitan architecture (oma) but split off two years ago and took with them the projects focused in the new york office, those being museum plaza, the wyly theater in dallas, culture center in oslo, among others.

vistaridge · #**480** Posted: **Jan 15, 2009, 12:22 AM**

Quote:

Originally Posted by samoen313

i meant steve wilson, not kelley. my good friend is his nephew and i keep forgetting the last name isn't the same.

rex is the firm behind museum plaza headed by joshua prince-ramus. rex was once the new york office of rem koolhaas' office of metropolitan architecture (oma) but split off two years ago and took with them the projects focused in the new york office, those being museum plaza, the wyly theater in dallas, culture center in oslo, among others.

Thank you for clarification on these issues. I think that architect only had experience on "governmental or endowment" projects no conventional private sector function - right. Why are you promulgating this project when it is evident it is done as is.

Wilson plays no vital role and has absolutely no experience aside from farming and his wife's boutique hotel - and you are talking to his nephew's friend. Let's try not treat this forum as a gossip channel.

Let me be clear - forget waiting a year or two or three. Goldman Sachs will never - fund this project as is - or I'll buy everyone on this thread a steak dinner.
Again, the developer is "GONE" "MIA" - Goldman is trying to survive and no financing institution will fund such gross non performing assets again - even in a design stage even when the owners are naive enough to begin site activities, period, turn the page!!!!

I'm just f-ing pissed they have screwed up our river front, Poe, Wilson, Brown, Greenburg - the whole lot - after the tax payers have spent millions over the years to create a park and aesthetic front door to the city.