Noted for the Kentucky Derby, mint juleps, and southern charm, Louisville preserves the best of the past while looking forward to the future. The city's economy is in transition, combining a reliance on traditional industries with redevelopment to attract new business enterprises. The face of the city has been changed by a downtown renaissance fueled by $2 billion in public and private investment. The metropolitan area spans seven counties in Kentucky and Indiana and boasts the advantages of both urban and rural living. Today, the city boasts a thriving art community, an affordable cost of living, eclectic neighborhoods, safe streets and a diverse population. The 2000 edition of Places Rated Almanac ranked Louisville the 14th-best place to live in North America. The city where for more than one hundred years the best thoroughbreds in the world have run for the roses has moved full-stride into the twenty-first century.