Louisville Magazine

JUN 2019

Louisville Magazine is Louisville's city magazine, covering Louisville people, lifestyles, politics, sports, restaurants, entertainment and homes. Includes a monthly calendar of events.

Issue link: https://loumag.epubxp.com/i/1123912

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Page 88 of 92

Look for for the 2014 Fall/Winter issue of Louisville Bride soon! Make sure to pick up your complimentary copy at area bridal shows. 86 LOUISVILLE MAGAZINE 6.19 discussed. Extra police patrols might help, it's suggested. A few at the table lean in, worry scribbled on their brows. Could this lead to juveniles getting slapped with disorderly- conduct charges? "•is is their park too," a young woman says. Shelby Park is in Louisville, a place where change inches along. •e neighborhood won't erase as we know it. But Rogalinski and others are concerned about Shelby Park's designation as an Opportunity Zone, a 2017 federal program that incentivizes investment into poverty-stricken areas with large tax breaks for investors. (Access Ventures is part of a national bi-partisan group working with legislators to create Opportunity Zone regulations.) Rogalinski believes guidance and limitations are necessary to ensure investors don't go Wild West on Shelby Park. Kelly Kinahan, the U of L professor, wonders, "Who is going to bene"t from the tax breaks associated with the program, beyond the super-wealthy making the investments?" Rogalinski emails me in mid-May. •e "rst line reads: is does not seem to be the managed growth we seek . . . I open a link to a real estate blog that lists the top "ve "hot" Louisville neighborhoods. Number one? You guessed it: Shelby Park is "smoking HOTT!" a realtor writes, adding that it "has become an investor's gold mine… Want to know the pro"t investors are making? A house located on S. Shelby St. was purchased last year for just $60,000 (an AMAZING mortgage payment btw) and it sold this March for $220,000! Not only is this a hot area for ¢ips, it's also becoming a popular neighborhood for AirBnB." Rogalinski writes: My personal reaction? Never thought I would see this day… He goes on to stress that many of the renovation e£orts underway by nonpro"t developers are saving historic homes that would likely end up demolished if untouched. How do you not try to preserve our shotgun housing stock and balance having a neighborhood with a large number of vacant houses…and later call it gentri•cation when other neighborhoods blatantly continue to vote down a•ordable living options? Lifting up an inner-city neighborhood of 3,300, who would volunteer themselves for such a task? He continues: Still believe our neighborhood association has set a city and national model for inclusiveness. Hope today is a good day! Catch the opportunity while you can! Make plans now to place your ad in the 2019 Fall/Winter issue of Louisville Bride. Louisville's Premier Bridal Publication. Publishing July 2019 Call 625-0100 or email advertising@loumag.com

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