Mayor Craig Greenberg + Louisville Bats owners Diamond Baseball Holdings announced a new home plate for downtown: A $250 million development that would replace the parking lot east of Louisville Slugger Field.

The proposed 500,000-sqft development would include:

~200 residential units
A ~170-room boutique hotel
Retail, office, and restaurant space
Additional parking space
A new entrance to Louisville Slugger Field

This project is not out of the park just yet — the developers are awaiting approval + input from the Waterfront Development Board, the state government, the City of Louisville, and the real MVP: you.

"What are people in Louisville looking for from that commercial space? Is it all restaurant? Is it retail? Is it some unique office space?” Mayor Greenberg said in a press conference Monday.

Greenberg added that he expects the project could be "shovel ready" in around one year.

The development on Market Street is the latest proposal to revitalize downtown LOU. | Photo via Louisville Metro Government

While there's no official feedback form yet, we'll keep you posted on ways to share your thoughts as they are announced.

Is this announcement a home run for downtown, or is this a swing and a miss? Here's what our Instagram followers have to say:

"I don’t hate it but like at last add a parking garage in to accommodate for the spots already being eliminated. Parking is tight enough as it is on game days." - @adamwack
"This looks awesome!" - @belobraydic
"Why not make it something like ballpark village at the St. Louis cardinals stadium?" - @alexbfresh