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River Fields benefactor, Council President backing east end bridge with loan offers

River Fields benefactor, Council President backing east end bridge with loan offers

by Joe Arnold

WHAS11.com

Posted on September 22, 2011 at 5:56 AM

Updated Thursday, Sep 22 at 8:48 AM

One week after Humana co-founder David Jones, Sr. proffered a $10 million interest-free loan to jump start construction of the east end bridge, Metro Council President Jim King offered a similar $5 million loan to the Ohio River Bridges Project.

"David Jones put himself out on a limb for the sake of our community and I didn't want him out there alone," King, the founder of King Southern Bank, told WHAS11 News.

The Courier-Journal reports that another $1 million loan is being offered by Eleanor Bingham Miller, an heir to the Bingham media fortune and a one time supporter of River Fields, the environmental group which filed suit challenging the construction of the east end bridge.

The Courier-Journal reports:

 In a letter to Jones dated Sept. 16, Bingham Miller wrote that his loan offer was “the right thing at the right time done in the right way.”

Though Louisville Mayor Greg Fischer (D) and U.S. Rep. John Yarmuth have both dismissed Jones' offer as generous but unworkable, the symbolism of a River Fields backer joining the effort to build the east end bridge may be more valuable to that effort than the cash behind it.

"(Jones) asked for others with resources to step forward so I did." King said, "Our community needs to solve this problem and if we all join together we can."
 

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