Home » UofL trustees agree to lease land as part of Belknap development

UofL trustees agree to lease land as part of Belknap development

LOUISVILLE, Ky. (April 5, 2012) – The University of Louisville’s Board of Trustees agreed at an April 5 meeting to lease a six-acre tract of land to the UofL Foundation as part of a long-term plan to create an academic and research center on the Belknap Campus.

For development purposes, the six acres — which are owned by the university — would be joined to a 33-acre parcel owned by the UofL Foundation. The foundation purchased the 33 acres in 2008 from Kentucky Trailer. Both properties are on the south side of the Belknap Campus, located between the J.B. Speed School of Engineering and Papa John’s Cardinal Stadium.
In a presentation to board members, UofL President James Ramsey said the idea was to develop the entire 39 acres as one piece of property.
The university is working with state officials to get approval for a 900-acre tax increment financing district that would include parts of the Belknap Campus. Approval for the district is a first step toward creating a research park for engineering and applied sciences.
In other business, board members:
  • Approved an 18,000-sq. ft. expansion of the Schnellenberger Football Complex at Papa John’s Cardinal Stadium. The expansion, which would be paid for by private funds, requires approval of the Council on Postsecondary Education and state legislators before work can begin.
  • Named College of Business professor Van Clouse as winner of the University of Louisville 2012 Trustees Award. The award is given annually to a professor who makes outstanding contributions to student life.

The next trustees meeting will be May 10