The plot thickens, but what is the plot?
It seems like the juiciest news stories break when I am out of town. Last week, John Karman and David Mann of Business First, and Sheldon Schafer of the Courier-Journal informed us that KentuckyOne Health was purchasing additional land at the Dutchmans Lane/DuPont Circle medical center in eastern Louisville. The purchase price has not yet been disclosed.
I have been waiting for this other shoe to fall. This acquisition gives KentuckyOne Health control of a huge block of land making up fully one half of Dupont Circle adjacent to its existing Jewish Hospital East facility. The total land now held rivals the amount occupied by Norton Suburban Hospital. I haven’t seen any contracts yet (and do not expect to), but I understand that some sort or purchase agreement has been prepared and that the sale “won’t be completed for three years in order to honor the leases of the 15 tenants in the center.” (I did not think that closings could be delayed that long.) As it happens, all but two of the lots on that half of Dupont Circle are owned or controlled by realtor and former University of Louisville Trustee, Sandra Metts. In my opinion, the sale of land to UofL’s best new partner has never been in serious doubt. Continue reading “KentuckyOne Health Buys Largest Block of Land at Dupont Medical Center”