Former Vermont American, Baer Fabrics properties transferred
LOUISVILLE, Ky. (July 23, 2014) – The Kentucky Transportation Cabinet recently completed the transfer of a cluster of 19th and early 20th century buildings that were preserved for redevelopment as a bourbon distillery that will bring jobs and economic investment to downtown Louisville.
The cabinet acquired a downtown block near Louisville Slugger Field, which included the former Vermont American Complex and Baer Fabrics buildings, to widen I-65 South as part of the Downtown Crossing of the Ohio River Bridges Project. Some buildings were razed but several others were saved as a result of coordination with historic preservation and local development officials.
Louisville Distilling Co. and Papillon Property Group acquired the parcels for $800,000 after the cabinet offered them for public sale as surplus property. The property was transferred on June 28 after utility relocations and environmental remediation were completed.
The companies, which produce Angel’s Envy bourbon and Angel’s Share Brands, plan to create 40 new jobs and invest $12 million in the project.
Construction of the wider interstate is well underway just east of the property, which is located between Main and Market streets and east of Jackson Street. Interstate traffic was recently shifted to a section of the newly constructed I-65 South.