(A) (1) The Metro Council finds that there are presently numerous projects involving long-term capital commitments of private and public funds which are in progress or will soon commence in downtown; that the success of each individual project depends upon, and has tremendous impact on the overall success of this Metro Government's efforts to revitalize and redevelop the downtown; and, that there is a need for coordination of the development plans of the various public and private projects to insure that the goals and objectives of each project are compatible with the overall long-term development of the downtown.
(2) The Council also finds that there are numerous interest groups, governmental agencies, and public and private decision makers at the local, state and federal level which may impede development progress in the downtown unless they are able to arrive at common agreement on development goals and objectives.
(3) Finally, the Council finds that there is a need for established long-term goals, objectives, and plans for development in the downtown that are free from the influence of short-term goals and objectives of changing government administrations.
(B) The Metro Council declares as a matter of public policy that a Louisville Downtown Development Plan is needed in order to:
(1) Coordinate existing and proposed development projects, both public and private, downtown;
(2) Provide a framework whereby business, government, neighborhood preservationists, and other interest groups can arrive at common agreement on development downtown; and
(3) Establish long-term principles, goals, objectives, plans, and policies for the Downtown will facilitate coordinated and harmonious development, and eliminate uncertainty and disruption in the planning and implementation of development downtown.
(C) It is specifically intended that this Louisville Downtown Development Plan shall serve generally as a guide for determining the appropriateness of development and for decisions involving expenditure of public funds to achieve maximum public benefit from investment of these public funds in downtown.
(1999 Lou. Code, § 153.20) (Lou. Ord. No. 114-1980, approved 8-21-1980; Lou. Metro Am. Ord. No. 75-2007, approved 4-30-2007)