In November 2006, Grocers’ Ice and Cold Storage Company, Inc. (Creation Gardens) was informed they would be negotiating for Right-of-Way plans as it related to the Ohio River Bridges project and the I-65 interchange expansion. In 2008, Community Transportation Solutions, serving as the General Engineering Consultant for the Ohio River Bridges Projects and who had developed the Right-of-Way Strategic Plan to guide property acquisition for the Kentucky approach to the East End Bridge and the Louisville approach to the Downtown Bridge, had not started the process and left the company suffering a financial hardship in regards to shutting down a division of their company due to a loss of one of their largest customers, as well as, an estimated loss of $500,000 in revenues.
In 2009, McCarthy Strategic Solutions started developing solutions for solid relationships with the key decision makers in the city and state branches of government. To meet the client’s ultimate goal, McCarthy Strategic Solutions would need to gain the confidence and support of the Governor’s Office, the Transportation Cabinet, the Louisville Mayor’s Office and the Louisville Metro Council.
Grocers’ Ice and Cold Storage Company, Inc. (Creation Gardens) wanted to keep the company in downtown Louisville by moving them away from the Ohio River Bridges project to Jefferson Market as an anchor tenant. This company has been in business for over 100 years and has offered retail produce to downtown businesses for over 10 years. After numerous meetings and conversations with key individuals in the city and state branches of government, Grocers’ Ice and Cold Storage Company, Inc. (Creation Gardens) applied for Louisville New Markets Tax Credit in the amount of $2 million to allow this solution.
After completing proper documentation for the Louisville New Markets Tax Credit, letters of recommendation from the Louisville Mayor’s Office and support from the Governor’s Office and Transportation Cabinet, the amount of $2 million was awarded to Grocers’ Ice & Cold Storage Company, Inc. (Creation Gardens).