United Technologies

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Cordish Co. halts role in Ky. redevelopment

Baltimore-based The Cordish Co. has pulled out of a $250 million redevelopment of downtown Louisville, Ky., that proposed a mix of shops, lodging, homes and offices and would have extended the Cordish-developed Fourth Street Live entertainment district. The developer said it could no longer hold the resources and cash committed to the "Center City" project, after the Louisville Metro Council last week failed to take action on the city's part of a development agreement with Cordish. The city had agreed to invest more than $24.4 million, including acquiring some land. "Unfortunately, without the support of the Council, we have...

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