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Proposed plan looks to bring NuLu more business, housing complex

Many businesses in the Nulu area are hoping the plan gets passed to bring more than 300 new living units to the area.

LOUISVILLE, Ky. — Downtown Louisville business owners, specifically around the NuLu area, say they're in desperate need of something to help bring people back.

They're hoping for the approval of a new development which, in turn, would mean new potential patrons moving into their community.

On Tuesday, a proposal for a new development on E Main St. was passed by the Metro Council Labor and Economic Development Committee. 

If passed by the full Metro Council, the plan could bring 343 multi-family units and more than 11,000 sq. feet of retail and restaurant space, all for a new investment capital of $65 million.

The plan, submitted by developer Kevin Cogan, has many surrounding businesses thrilled about it's potential.

"Everything has been affected," said Taproom Manager at Goodwood Brewing Company, Sam McGuire. "You need the culture and heartbeat of the city to get stronger."

Not only would the retail and restaurant space bring people to the area but the living space would bring residents to the growing NuLu community.

"I think it's very good news," Los Aztecas restaurant owner Saul Garcia said. "Right now, were selling 35% to 40% less of our normal sales. I hope this helps us move up a little bit more."

The development would be built near Louisville Slugger Field.

"This is a great thing for this area," said McGuire. "NuLu needs to thrive once again and I think this is a great thing that could drive business for us."

Contact reporter Hayley Minogue at hminogue@whas11.com. Follow her on Twitter and Facebook. 

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