KRS 99.610

It is hereby declared to be the policy of the Commonwealth to assist in the preservation and revitalization of historically or economically significant local areas, including open spaces, of cities of the first class, cities with populations equal to or greater than fifteen thousand (15,000) based upon the most recent federal decennial census, consolidated local governments, and urban-county governments, for the purpose of planning and financing the preservation and revitalization of areas of said cities which are of economic or historical significance, while at the same time accommodating necessary and desirable central city and suburban growth, to the extent funds are available for the accomplishment of such purposes.