426 Armory Place
The Louisville Gardens is a 200,000+ sqft historic property located in Center City and is available for redevelopment through Metro's Request for Proposals process. The site is adjacent to a major $261 million redevelopment project led by a partnership among the Cordish Company, Omni Hotels, and Metro Louisville, the plans for which include a 600-room luxury hotel, 200 apartments, and a major grocery chain. The Kentucky legistlature recently approved a historic tax credit incentive for the property, requiring a development proposal to reach substantial construction phase by summer of 2015 (details in Exhibit B attached here).
Louisville Gardens is a multi-purpose, 6,000 seat arena, in Louisville, Kentucky, that opened in 1905, as the Jefferson County Armory. It celebrated its 100th anniversary as former city mayor Jerry Abramson's official "Family-Friendly New Years Eve" celebration location. The facility has served the city of Louisville and Jefferson County in a variety of ways during the past century, from utilization as an actual armory to American Basketball Association's Kentucky Colonels basketball games, to various wrestling events, concerts, political rallies, and Hurricane Katrina flood relief have also been staged there. More recently, WWE used the 3,000 person capacity arena as a training ground for future stars in a minor-league promotion known as Ohio Valley Wrestling, until the organization moved to the Davis Arena. WWE also staged two pay-per-view events at Louisville Gardens: (In Your House 6 and In Your House 17: Ground Zero). TNA Wrestling held an event at the venue in 2008. Freedom Hall replaced the small, aging facility in 1956, as a more popular venue for city events. The building was also known as the Convention Center or Louisville Convention Center, mostly in the 1960s and 1970s. It was renamed Louisville Gardens in 1975 when the Commonwealth Convention Center (now called Kentucky International Convention Center) was being built. In 2007, the Cordish Company, manager of the nearby Fourth Street Live! entertainment complex, agreed to take over operation of "The Gardens" from the Metro Louisville Government as part of a $250 million development in downtown Louisville. In 2012, Cordish was released from its obligations to the Gardens.