A group of investors that includes Gill Holland and his wife, Augusta Brown Holland, will purchase the 10-building East Market Street campus of Wayside Christian Mission, an agency that services the homeless and others in need. The group will reportedly pay more than $5 million for the property.
Wayside is holding a press conference this afternoon to release the details. Look for more in next week’s LEO Weekly, and on this blog tomorrow. (SG)
UPDATE: We’ve just received confirmation from Gill Holland that the deal has closed on the Wayside buildings. He, his wife Augusta, Tim Peters and other silent partners make up the group buying the property. Holland would not confirm a reported sale price of $5 million.
“This is a win-win for the homeless, for the arts district, and for Louisville’s history,” he wrote in an e-mail.
Wayside will move its full operation to its building in the 400 block of West Jefferson Street. Along with the $4 million it had raised for the Market Street expansion, it will now have a reported $5 million more to expand the Jefferson Street facility.
The mayor has also ensured Wayside that his administration will cooperate entirely with Wayside in expanding that campus. (SG)