Louisville Grand Slam

The largest economic development project in Louisville, KY history will be the expansion of the University of Louisville's Health Science Center, expected to be competed over the next twenty years. The $2.5 billion, 3.2 million-square-foot expansion will create 2,200 jobs.

Plans include six combined lab and office buildings, research facilities, and labs, and will be funded by $1.8 billion in public funds and $700 million in private investments. The state's tax increment financing incentive, which allows investors to recoup money from various taxes to help offset construction costs, was said to be "key to the project."

Sources: The Houston Chronicle, Forbes via AP