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April-2011.Pdf April Lane Covers.qk:Layout 1 4/11/11 8:52 AM Page 991 TOURISM, HOSPITALITY & ATTRACTIONS PREP MAGAZINE The ® LaneReportKENTUCKY’S BUSINESS NEWS SOURCE FOR 26 YEARS APRIL 2011 $4.50 Changing demographics in Kentucky, the United States, and globally will eventually lead to workforce supply shortages and economic difficulty. – Demographer Ron Crouch Page 20 lanereport.com LANE ONE-ON-ONE: HAROLD TATE President and executive director Lexington Downtown Development Authority April Lane Covers.qk:Layout 1 4/10/11 3:02 PM Page 992 April Lane1-18.qk:Layout14/10/111:41PMPage Business Law 201 East Main Street, Suite 1000 Government Access Lexington, Kentucky 40507 Healthcare Regulation (859) 231-8780 | www.mmlk.com Real Estate Litigation THIS IS AN ADVERTISEMENT handling legal disputes with kid gloves – or the other kind. April Lane 1-18.qk:Layout 1 4/10/11 3:46 PM Page 2 APRIL The 2011 Lane Report ® Kentucky’s Business News Source For 26 Years Volume 26 Number 4 FEATURES 20 COVER STORY: KENTUCKY GROWS MORE URBAN Commonwealth part of global trend: shift toward cities, lower birthrates, aging population, minority-driven growth 23 WINE’S KENTUCKY HOMECOMING After a Prohibition-induced 80-year hiatus, nation’s 26 former top producer again sprouting dozens of vineyards 26 JUGGLING THE FISCAL AND THE FUN As if multiple systems to manage weren’t complicated enough, Louisville Zoo turns itself inside out Bonus content inside this issue: Special Kentucky food and hospitality industry report -- Prep Magazine. Follows page 36 DEPARTMENTS 4 Perspective 6 Fast Lane 12 Interstate Lane 13 Kentucky Intelligencer 14 Corporate Moves 15 On the Boards 16 Lane One-on-One: Harold Tate President, Lexington Downtown Development Authority 30 Kentucky People 31 Spotlight on the Arts 32 Exploring Kentucky 20 34 Passing Lane ON THE COVER 36 The Lane List The 2010 Census found the population in Kentucky, like most places around the world, shifting more toward urban and suburban areas, and becoming older as residents live longer and birthrates decline. Only minorities and immigrants have birthrates high enough to create population growth. KENTUCKY BUSINESS NEWS Lane Report photo illustration AVAILABLE ONLINE 2 APRIL 2011 KYBIZ.COM • THE LANE REPORT April Lane 1-18.qk:Layout 1 4/10/11 1:41 PM Page 3 April Lane 1-18.qk:Layout 1 4/10/11 1:41 PM Page 4 The PERSPECTIVE Lane Report ® Kentucky’s Business News Source for 26 Years EDITORIAL DIRECTOR Mark Green creates a downturn in employment ASSOCIATE EDITOR AMERICA IS LIVING opportunities. A startling disclosure from Karen Baird BEYOND ITS MEANS the Daily Treasury Report for the month CREATIVE DIRECTOR of February is cause for concern if not Jessica Merriman Irrational spending continues, alarm: The federal government took in CORRESPONDENTS despite ongoing problems $851.47 billion in revenues in Februar y Amanda Arnold; Rena Baer; ($63.7 billion of that in new net debt); it Katherine Tandy Brown; Patrice Bucciarelli; spent $1.009 trillion, including $585 bil- Shannon Leonard Clinton; BY PAT FREIBERT Anne Charles Doolin; Debra Gibson; lion to redeem maturing government Susan Gosselin; Robert Hadley; Carl Heltzel; securities. That amounts to a deficit of Feoshia Henderson; Kara Keeton; $158.5 billion for February alone. How Meredith Lane; Nancy Miller; EVERAL decades ago at Harvard much longer can this nation continue on Robin Roenker; Eddie Sheridan; University, Russian expatriate this road? Mariam Williams; Gary Wollenhaupt SAlexander Solzenhitsyn said, “If The 2011 federal budget is $3.834 SYNDICATED COLUMNS America does not lead the free world, trillion with a $1.267 trillion deficit, Creators Syndicate the free world will not have a leader.” according to FoxNews.com. DESIGN We all know he spoke the truth. Leader- Those of us not specifically trained in Stone Advisory ship must come from the communities economics (the dismal science) are com- PRINTING, OUTPUT & PRE-PRESS SERVICES as well as from Washington. pelled to learn from those who are, and Publishers Printing Co. Nowhere is there a more salient lead- those who have a successful track record ■ ership vacuum than in the current in that complicated field. The histor y of domain of economic leadership. If Amer- American economics provides an excel- PUBLISHER Ed G. Lane ica wants to maintain its past position of lent road map for current economic pol- world economic leadership, it’s essential icy. Why is our history of success being ASSOCIATE PUBLISHERS ignored in favor of policies resulting in Dick Kelly to reflect on what has made our nation Donna Hodsdon economically stable and prosperous in the high unemployment, runaway taxes, past. “Freedom” and “choice” are the deficit spending, regulations that stifle CHIEF FINANCIAL OFFICER business and a “command and control” Steve Rohlfing, CPA operative words – freedom to engage in work enterprise of our choice. policy from the federal government? The COMPTROLLER Economic policies being advocated command and control comes from exec- Alma Kajtazovic and administered in Washington have utive orders and questionable regulations CIRCULATION come under critical scrutiny of some in an “end run” around Congress. P&B Services leading American economists. Art Laf- Recent Bureau of Labor statistics show IT SERVICES fer, godfather of supply-side economics nearly half the states with jobless rates over NetGain Technologies and former President Ronald Reagan’s 9 percent and 10 states in double digits, chief economic adviser, doubts the wis- including Kentucky at 10.3 percent. Our dom of Federal Reserve Chairman Ben policies are not working, and Americans Bernanke’s policy of continuing to print have reason to doubt the exuberant claims Lane Communications Group more money. Laffer and prominent about the economy being back on track. is a member of economist Larry Kudlow have both The rate of joblessness for blacks at 15.3 expressed a lack of confidence in the percent, 11.6 percent for Hispanics and policies promoted by Treasury Secretary 23.9 percent for teenagers. Tim Geithner, and both believe Wash- Yet the irrational spending in Washing- The Lane Report is published monthly by: ington’s policies will hasten inflation. ton continues. Previous Democrat and Lane Communications Group Kudlow and Laffer have said inflation Republican majorities in Congress estab- 201 East Main Street 14th Floor represents an even greater danger to lished a pattern of uncontrolled spending, Lexington, KY 40507-2003 the economy than either government and the new GOP majority in the House [email protected] spending or taxation. seems unable or unwilling to fight to cor- For more information and The basic role for government has rect the course despite their campaign advertising rates contact: been that government should be the promises to dramatically cut spending. PHONE: 859-244-3500 FAX: 859-244-3555 problem solver of last resort. A newer idea Recent GOP agreement to cut $4 billion The annual subscription rate is $29. that government should solve all prob- from the budget in the face of a total fed- (Kentucky residents add $1.74 sales tax.) lems, and do it now, is at the heart of the eral debt of $14 trillion is absurd, and a Newsstand price is $4.50. out-of-control government spending and cruel joke on American taxpayers. Send check or money order to: the attendant regulations. Consequences These problems are not simply prob- Circulation Manager are dire, with other economic systems and lems of abstract economic theory, but THE LANE REPORT the International Monetary Fund now rather they are problems of real flesh 201 East Main Street 14th Floor Lexington, Kentucky 40507-2003 pressing to replace the dollar as the inter- and blood that cause pain and demoral- national currency. It is a long road back to ize the human spirit. The 2012 election THE LANE REPORT corrects all significant errors that ■ are brought to the editors’ attention. a more rational approach in order to sus- cannot be here soon enough. tain American life as present and previous © 2011 Lane Communications Group generations have known it. All editorial material is fully protected and must not be Pat Freibert is a former Kentucky state reproduced in any manner without prior permission. When government spending sucks all the financial oxygen away from the pri- representative from Lexington. She can be reached at [email protected]. vate economy, uncertainty grows in the private sector. Uncertainty in investment 4 APRIL 2011 KYBIZ.COM • THE LANE REPORT April Lane 1-18.qk:Layout 1 4/10/11 1:41 PM Page 5 April Lane 1-18.qk:Layout 1 4/10/11 1:41 PM Page 6 FAST LANE A compilation of economic news from across Kentucky STATE: BOWLING GREEN, N. KENTUCKY ARE RECOGNIZED LEXINGTON: ALLCONNECT TO AS TOP U.S. AREAS FOR INDUSTRIAL EXPANSION IN 2010 INVEST $7M, HIRE 220 FOR CUSTOMER CARE FACILITY WO Kentucky metro areas TOP METRO AREAS FOR NEW AND have been ranked among the EXPANDED FACILITIES IN 2010 Ttop cities in the nation for Top Metros with Population of over 1 million LLCONNECT Inc. is investing industry expansion in 2010, accord- METRO AREA TOTAL PROJECTS* nearly $7 million to establish a ing to Site Selection magazine’s 1 Chicago/Naperville/Joliet, Ill./Ind./Wis. 184 2 Houston/Baytown/Sugar Land, Texas 152 A32,000-s.f. customer care and sales annual listing of states’ new and 3 Dallas/Fort Worth/Arlington, Texas 127 center in Lexington’ s Coldstream expanded corporate facilities. 4 Cincinnati/Middletown, Ohio/Ky./Ind. 123 Research Campus. The metro Cincinnati area, which 5 New York-Newark-Edison, N.Y./N.J./Pa. 120 The new operation, which will bring encompasses 15 counties in the Top Metros with Populations of less than 200,000 up to 220 new jobs to the area, will allow Ohio/Kentucky/Indiana region, METRO AREA TOTAL PROJECTS* consumers to order or transfer home 1 Lake Charles, La.
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