After sporadically butting heads, Columbia Sussex CEO William J. Yung III and Kentucky preservationists have reached agreement on the immediate future of the old Bavarian Brewery. Yung had bought it and an assortment of nearby properties on the rash presumption that the Bluegrass State would vote in casino gambling and he’d be one of the lucky licensees. He went 0-for-2.
Today’s compromise preserves the most historically significant buildings while giving Yung the green light to demolish everything else. The accord may make it easier to flip the site. It also removes one very contentious issue from the table, should the CEO make another casino push. So it’s a rare win-win for ColSux.
