Complex sentence: The project began as a downtown revitalization project to essentially redesign and modernize the old Louisville Galleria, and further attract more commercial business development while providing an attractive entertainment hotspot for the city's hotel and tourist business, as well as the local population.
Split into simpler sentences: The project began as a downtown revitalization project to essentially redesign and modernize the old Louisville Galleria. City planners hope that the district will attract further commercial business development while providing an attractive entertainment hotspot for the city's hotel and tourist business as well as the local population.