LOUISVILLE, Ky. (AP) — A Louisville landmark will be coming down with the hiring of a contractor to demolish 22 concrete silos that spell out University of Louisville.
The UofL Foundation said Friday it has hired a demolition firm to begin work immediately to clear the site along Interstate 65. The foundation purchased the property for $3.3 million from Solae Co., a DuPont subsidiary, last December.
The winning bidder submitted the lowest proposed price of $687,800, the school said.
The firm will remove the silos and several smaller structures on the 15-acre site. Concrete from the silos and plants will be crushed into gravel that will be spread on the site, the school said. All work is scheduled to be completed by Oct. 28.
"This is a prime piece of real estate," said Kathleen Smith, chief of staff to UofL President James Ramsey. "This will give the university options to expand."
It also will give travelers a clear view of UofL's Belknap Campus.
The university hasn't disclosed its long-term plans for the property on the edge of campus. The school says that in the short term, the property will be used for parking for football games at nearby Papa John's Cardinal Stadium.
The Solae planted converted soybeans into materials used in industrial products. The property had a number of different owners and uses since 1919, when operations first began on the site, the school said.
The demolition plan calls for the UofL Foundation and the contractor to split proceeds from the sale of any salvageable and recyclable equipment and materials. That deal could bring a few hundred thousand dollars back to the foundation, Smith said.