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June 2006
Welcome to eFYI, your exclusive monthly e-newsletter from Greater Louisville Inc. - The Metro Chamber of Commerce. As one of our valued partners, you can count on eFYI to cover the topics and issues of most interest and benefit to you. Share your comments and ideas with us any time at VFisher@greaterlouisville.com.
Louisville International named fourth-largest cargo airport
Best Buy will bring 550 jobs to Bullitt
UPS to open heavy-freight hub in June
Two at U of L help invent vaccine
60 new downtown dwellings planned
Initiative to promote higher education
Getting on course: 2008 Ryder Cup will bring 'enormous international' fervor; planning already in full swing
Purdue high-tech center planned
A new look for the city's 'front porch'
Bellarmine to unveil new vision of growth
65 condos, office-retail development planned in Jeffersonville
Louisville International named fourth-largest cargo airport
Louisville International Airport is the fourth-largest cargo airport in the country, according to Airports Council International North America's 2005 traffic report for the busiest U.S. airports.
The airport previously was ranked fifth. Its new position reflects its status as a global hub for United Parcel Service Inc. and the company's growing operations in Louisville, including a new air-freight facility that is set to open in July. Read more.
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Best Buy will bring 550 jobs to Bullitt
State officials announced the formation of Geek Squad City, a center in Bullitt County that should open late this summer and, by the end of the year, employ 550 people.  Geek Squad City will be one huge service center, where hundreds of technicians with access to thousands of hard-to-find parts can pinpoint problems and find solutions instead of sending systems with problems to a handful of small repair shops across the country. Partnering with UPS, Best Buy plans to ship computers to the center in the morning and have them repaired and back to UPS that evening, ideally offering a two-day turnaround for computer repairs. Read more.
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UPS to open heavy-freight hub in June
UPS will have its new 700,000-square-foot heavy-freight hub at Louisville International Airport running by the first week in June and will be fully operational by the end of the month.
The company is in the process of hiring about 1,500 part-time employees for its airport hub operations as part of an $82.5 million expansion. The heavy-freight hub is being relocated from Dayton, Ohio as part of UPS' purchase of Menlo Worldwide Forwarding in December 2004. The freight operations are expected to employ about 1,000 within 10 years. Read more.
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Two at U of L help invent vaccine
A father's love for his daughters and a woman's love for her country led two Louisville researchers to a much-heralded medical breakthrough -- the world's first cervical cancer vaccine.
The two researchers at the University of Louisville's James Graham Brown Cancer Center, Dr. A. Bennett Jenson and Shin-je Ghim, now are waiting for the vaccine they helped invent to hit the market around July.
They are also working to create a cheaper version, using tobacco plants, and another vaccine to treat the disease -- with the ultimate goal of wiping out cervical cancer. Read more.
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60 new downtown dwellings planned
Two major housing developments planned across from each other are expected to continue the momentum of improvements along the Main-Market corridor east of downtown.
Architect and developer Mark Isaacs of Legacy Homes has plans for a new three-story building, with ground-floor storefronts facing Main Street. Forty condos would be on the upper floors. The project will be energy efficient, with solar energy providing both hot water and some of the electricity.
The DeHart building, the first major development of Dunlevy and Zax, will include commercial spaces on the ground floor, with the rest of the structure being redeveloped into apartments. A new four-story addition with commercial space and two condos will be connected to the old structure. A new detached, three-story building, designed as carriage houses, will be built in the rear and two-level condos will be built atop four parking garages.
Construction should being this fall. Read more.
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Initiative to promote higher education
Greater Louisville Inc., Louisville-Jefferson County Metro Government and area colleges and universities plan to launch an initiative next week aimed at getting more people to pursue education beyond a high school diploma.
"Graduate Greater Louisville: GED to Ph.D." is the name of the regional, communitywide effort to increase the visibility of postsecondary education in the Louisville metropolitan area and Southern Indiana. The goal of the campaign is to show the correlation between educational attainment levels and jobs through an aggressive marketing platform, increased educational counseling and new outreach efforts to potential students. Read more.
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Getting on course: 2008 Ryder Cup will bring 'enormous international' fervor; planning already in full swing
It might be more than two years away, but preparations have begun in earnest for the
37th Ryder Cup, which will be held in 2008 at Valhalla Golf Club in eastern Jefferson County.
The Ryder Cup, which pairs 12 of the top American golfers against 12 of their European counterparts, is expected to be the highest-attended sporting event ever held in Kentucky. It will be played Sept. 19 to 21, 2008. Read more.
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Purdue high-tech center planned
Forty acres of the most desirable land in New Albany have been donated to the Purdue Research Foundation to create a high-tech business and education center.
The center, which will be modeled on a Purdue technology center in Merrillville, Ind., and Purdue research park in West Lafayette, is being touted as an effort to boost high-tech training and business growth in Southern Indiana. The added space at the new center will permit Purdue to offer more bachelor's degrees in such areas as computer graphics technology and electrical and mechanical engineering technology. Read more.
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A new look for the city's 'front porch'
The Poe Companies, led by local developer Steve Poe, is expected to get the go-ahead for a $200 million plan to build more than 600 condominiums across from Towhead Island.
 The group is developing one of the country's largest mixed-use, urban waterfront developments which include RiverPark Place, two 16-story towers with 216 condos. South of the towers will be four, five-story buildings with 408 more condos.
The project will also include a 10,000-square-foot sales center and a public plaza between the two towers.
Other features include a promenade along the river linking with Waterfront Park, an outdoor pool, 1,300 underground and surface parking spaces and a 144-slip marina.
Groundbreaking is expected this fall. Read more.
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Bellarmine to unveil new vision of growth
Bellarmine University wants to triple its enrollment and potentially add new schools of law, architecture, pharmacy and veterinary medicine by 2020.
President Joseph McGowan announced a proposal that calls for the private, Catholic university to become Kentucky's equivalent of universities like Notre Dame, Vanderbilt and Emory. Bellarmine officials say their proposal will benefit the city, region and state -- bringing in revenue and brain power, helping Kentucky increase the number of college-educated workers and promoting teamwork with the state's public and private higher-education institutions. Read more.
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65 condos, office-retail development planned in Jeffersonville
Sprigler Investments LLC, a property-holding company, have announced plans for a mixed-use development called Park Place Commons.
The project will include about 400,000 square feet of retail, professional and medical office space. Behind the commercial space, company officials plan to build 65 residential condominium units. The pedestrian-friendly development will have an urban feel, where condo residents could walk to doctors' offices, retail establishments and restaurants. Read more.
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2006 © Greater Louisville Inc. - The Metro Chamber of Commerce
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