Study: Downtown Louisville's Proposed Arena Would Boost Economy

My response is: Did we need a study to conclude that the proposed downtown arena will bolster the economy? More here.

More On Louisville's Hotel Front

A debate is underway as to whether or not the addition of a downtown Louisville arena warrants another downtown hotel, and if it does, then how many rooms will the market bear? More here from this morning's C-J.

Downtown Marriott SOLD

The transaction is part of a four hotel deal in which Black Entertainment Television founder, Robert L. Johnson, is the "controller" of the purchasing group according to this morning's C-J. The deal includes another downtown Louisville newcomer & Marriott sibling, The Residence Inn Downtown Louisville.

Louisville Area Locales Considered for Historical Places Designation

More from Business First, the Louisville area looks to increase its already-impressive number of historic places when The Kentucky Historic Preservation Review Board meets on Wednesday, June 14 to consider Mockingbird Valley neighborhood among others.

Louisville the BEST

According to this Business First article, Louisville, KY was named the best city for relocating families.

Yeah, but Who Can Afford It???

Selling the Priciest House in All the Country(June 5, 2006) -- Anyone who wants to tour the house with the highest asking price in the country better be prepared to prove a net worth of $500 million or annual salary of $10 million.

The house is a 30,000-square-foot mansion known as Portabello perched on a cliff in Corona del Mar, Calif., south of Newport Beach. It’s priced at $75 million.

Some local real estate professionals are shaking their heads. ''Every agent in town is talking about it,'' says real estate associate Mark Whitehead, who sells homes in Corona del Mar. "It's a joke. It's an image thing. It's an ego trip to sell the most expensive home on the market.''

Bill Cote, owner of Cote Realty Group in Newport Beach, noted Portabello's asking price is 300 percent more than the highest amount paid for an Orange County home.

Listing agent, John McMonigle of Coldwell Banker Previews International, declined to comment but released a statement saying that the house was reasonably priced considering the land was worth $45 million and it would cost up to $1,500 per square foot to rebuild the home.

The estate belongs to Frank Pritt, who in 1982 founded software maker Attachmate Corp., a large privately held technology company in Bellevue, Wash.

Source: The Los Angeles Times, Mai Tran (06/04/2006)