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City to purchase downtown AT&T building with plans to relocate LMPD and other agencies

With a price tag of $ 6.8 million, the Louisville metropolitan government plans to buy the old AT&T building downtown and relocate several agencies, including the Louisville Metro Police Department. The plan to purchase the 200,000 square foot building on West Chestnut Street was confirmed in a statement from the Department of Public Works. The objective is to provide essential real estate for a municipal administration whose buildings are aging. “This installation represents an opportunity to create a new municipal building,” said Salvador Melendez, communications specialist for the Ministry of Public Works. he made a deal to buy the building, sending a letter of intent to a Louisville-based commercial real estate group. The building is currently owned by AT&T and the city is expected to pay $ 6.8 million at closing. It is not clear if this means all LMPD services. He added that moving agencies out of the leased space or deteriorating facilities helps to achieve “future savings and create a new city asset on the city’s books.” “It’s also an asset. significant investment in downtown Louisville, our economic hub, “said Melendez. The multi-million dollar deal will still need to be presented to Metro Council for approval. Metropolitan Council Chairman David James is already signaling his support for this move. initiative. “I think it’s fantastic. This is something that I and (the) council members have been asking Mayor (Greg) Fischer to do for some time, “James said. James added that the proposed acquisition would be of great benefit to LMPD, who, according to him, is currently housed in a seat which is in horrible condition. He said the command staff and the police department are scattered all over the place. “So having a good facility so that LMPD can do the job they have to do and other agencies for Metro Government, that’s very important, “he said. So how does the city plan to pay for the building? James said Mayor Fischer was to present this plan to the whole of the metropolitan council, whereby money should be allocated to pay it. James hinted that there might be money in the budget to make the purchase official. buy the The building comes as the city hopes to breathe new life into the city center the after the impacts of the pandemic. City officials said relocating some agencies could also save the city millions of dollars. Fischer has not released a statement on the planned purchase.

With a price tag of $ 6.8 million, the Louisville metropolitan government plans to buy the old AT&T building downtown and relocate several agencies, including the Louisville Metro Police Department.

The plan to purchase the 200,000 square foot building on West Chestnut Street was confirmed in a statement from the Department of Public Works. The objective is to provide essential real estate for a municipal administration whose buildings are aging.

“This installation represents an opportunity to create a new municipal building,” said Salvador Melendez, communications specialist for the Ministry of Public Works.

Metro Government said it had reached an agreement to purchase the building, sending a letter of intent to a Louisville-based commercial real estate group. The building is currently owned by AT&T and the city is expected to pay $ 6.8 million at closing.

(Read the letter of intent here)

Melendez said that with the acquisition of the building, Metro Government plans to relocate several agencies, including LMPD. It is not known if this means all LMPD services.

He added that moving agencies out of leased space or deteriorating facilities results in “future cost savings and creates a new city asset on the city’s books.”

“It’s also a significant investment in downtown Louisville, our economic hub,” said Melendez.

The multi-million dollar deal is yet to be presented to the Metropolitan Council for approval. Metro Council president David James is already signaling his support for this initiative.

“I think it’s fantastic. It’s something that I and (the) council members have been asking Mayor (Greg) Fischer to do for some time,” said James.

James added that the proposed acquisition would be of great benefit to LMPD, which he says is currently housed in a headquarters which is in horrible condition. He said command personnel and the police department are scattered all over the place.

“So having a good facility so that LMPD can do the work they need and other agencies for Metro Government is very important,” he said.

So how does the city plan to pay for the building? James said Mayor Fischer was to present this plan to the entire Metropolitan Council, whereby money would have to be earmarked to pay for it.

James hinted that there might be money in the budget to formalize the purchase.

The effort to buy the building comes as the city hopes to revive downtown after the impacts of the pandemic. City officials said relocating some agencies could also save the city millions of dollars.

Fischer has not released a statement on the planned purchase.


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