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Learn about oldham reserve's impact

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By Deana Epperly-Karem

The public is invited to a special presentation by University of Louisville Professor Paul Coomes on the economic impact analysis of the Oldham Reserve Business Park. The meeting will be 5:30 to 7 p.m. March 27 on the grounds of Oldham Reserve in a corporate tent. Oldham Reserve is a 1,000 acre business park located near I-71 in La Grange. Thousands of jobs and millions of dollars in wages and tax revenue are anticipated from the development. An important part of the study compares the impact the planned office development will have on the community versus the building of a traditional residential subdivision. Residential development accounts for almost 90 percent of total property assessments in Oldham County, and advocates for economic development contend that more non-residential development will generate significant tax revenue and lessen the tax burden on area residents. Coomes is a National City Bingham Fellow at the UofL College of Business and Public Administration. The Oldham County Economic Development Authority and the Oldham-La Grange Development Authority contracted with Coomes in November to conduct an economic analysis of the campus master plan. He was asked to provide solid feedback on the impact Oldham Reserve will have on the Oldham County economy.