Yarmuth and Beshear Announce Major Progress for Museum Plaza Project

Louisville, KY – November 5, 2010 – (RealEstateRama) — Congressman John Yarmuth and Governor Steve Beshear are pleased to announce significant, positive progress in the Commonwealth of Kentucky’s application for a $100 million federal loan from the U.S Department of Housing and Urban Development (HUD) for the development of Museum Plaza. Congressman Yarmuth received a letter from HUD Assistant Secretary Mercedes Marquez which states, in part, “HUD is optimistic that a [loan] commitment can be issued.” And, upon receipt of the project receiving a commitment for the remaining $140.5 million construction loan and other administrative requirements, “HUD will move promptly to complete the process for issuance of a Section 108 commitment.”