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WEBVTT IMPACT TO THE AREA SHAQUILLE: $13.4 MILLION, THAT’S THE LIST PRICE FOR THE MORE THAN 25 ACRES OF LAND ON ALTA VISTA ROAD. THE REAL ESTATE LISTING SAID THE PROPERTY COULD BE DEVELOPED INTO A 78-LOT SUBDIVISION >> I THINK I CAN SPEAK FOR MOST OF THE NEIGHBORS BY SAYING THAT WE ARE GRAVELY CONCERNED. A LITTLE BIT SHOCKED AND SURPRISED. SHAQUILLE: LISA MORLEY IS THE VICE PRESIDENT OF THE ALTA VISTA NEIGHBORHOOD ASSOCIATION. SHE LIVES NEAR THE PROPERTY LINE OF THE LOT FOR SALE, MORLEY SA THOSE WHO LIVE IN THE AREA ARE WORRIED ABOUT WHAT COULD BE DEVELOPED IN THIS AREA FOLLOWING A SALE. >> THAT IS THE BIGGEST CONCERN IS WHATIT WILL BE DEVELOPED INTO AND WHAT STIPULATIONS THERE WILL BE AROUND WHAT DEVELOPMENT CAN TAKE PLACE. SHAQUILLE: THE LOUISVILLE SEMINARY RELEASED A STATEMENT, A PORTION READS, WHILE WE CAN’T SPECULATE ON WHAT A PURCHASER MAY DO WITH THE PROPERTY, NOR WOULD WE BE INVOLVED IN THAT, AS THE CLOSEST NEIGHBOR TO THIS PROPERTY, WHAT HAPPENS HERE IS IMPORTANT TO US. WE WILL INCLUDE COVENANT PROVISIONS IN THE TRANSACTION THAT WOULD PREVENT A ZONING CHANGE FROM THE CURRENT SINGLE FAMILY RESIDENTIAL ZONIN BUT THAT’S NOT EASING CONCERNS FOR THOSE WHO LIVE NEARBY, A PEOPLE WHO FREQUENT CHEROKEE PARK. >> THIS TRAIL IN CHEROKEE PARK IS ON SEMINARY LANDS, MEANING WHOEVER PURCHASES THE PART -- PROPERTY HAS CONTROL OVER WHAT HAPPENS WITH THE TRAIL. >> WE HAS SAID THAT WE WOULD ACCEPT THE PROPERTY AND EXCEPT RESPONSIBILITY FOR MAINTAINING THAT PORTION OF THE PROPERTY THAT ADJOINS CHEROKEE PARK. SHAQUILLE: LAYLA GEORGE IS WITH THE OLMSTEAD STATE CONSERVANCY WHICH WORKS ON THE UPKEEP OF THE PARK. SHE SAYS CONCERNED NEIGHBORS HAVE BROUGHT UP THE IDEA OR RAISING FUNDS TO PURCHASE THE LAND. >> WE DON’T THINK THAT WOULD BE A BURDEN ON OUR ORGANIZATION TO TAKE OVER THE MANAGEMENT OF SOME OF THAT PROPERTY IF THE NEIGHBORS WERE ABLE TO PURCHASE IT AND DONATE IT. SHAQUILLE: UNTIL BUYER PURCHASES IT, TH

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Twenty-five acres near Cherokee Park are up for sale and many are worried about what could be coming in its place. The Presbyterian Seminary is selling the land because upkeep expenses for the area are simply costing too much. But that decision concerns some people who live in the nearby Alta Vista neighborhood. The list price for the more than 25 acres of land on Alta Vista Road is $13.4 million. The real estate listing said the property could be developed into a 78-lot subdivision. "I think I can speak for most of the neighbors by saying we're gravely concerned and a little bit shocked and surprised," said Lisa Morley. Morley is the vice president of the Alta Vista Neighborhood Association. She lives near the property line of the lot for sale. Morley said those who live in the area are worried about what could be developed."That's the biggest concern. What it will be developed into and what stipulations will be around what development can take place," she said. The Louisville Seminary released a statement, a portion of which reads: "While we can't speculate on what a purchaser may do with the property (nor would we be involved in that), as the closest neighbor to this property, what happens here is important to us. We will include covenant provisions in the transaction that would prevent a zoning change from the current single-family residential zoning."But that's not easing concerns for those who live nearby."We have said we would have accepted that property and accept responsibility for maintaining that portion of the property that adjourns Cherokee Park," said Layla George.George is with the Olmsted Parks Conservancy, which works on the upkeep of the park. She said concerned neighbors have brought up the idea of raising funds to purchase the land."We don't think that would be a burden on our organization to take over the management of that property if the neighbors were able to purchase it and donate it," George said.But until a buyer purchases it, there's no telling what the land may become in the future. The neighborhood association recently met with the seminary in a closed-door meeting to discuss the sale and possible options for the land. They say they had a thoughtful conversation and would work together moving forward. No final agreement was made at the time.