My point wasn't the Cardinals getting relegated, it was two teams from the same organization being in AAA, I just used the Cards as an example. Imagine how much bitching there'd be when a team got relegated, especially a big club.
The Lookouts have changed hands three times in the time I've been alive, all three after the millenium. First they were a Reds farm club, then a Cubs, now a Dodgers farm. It's not like these teams are locked in to one team for life, so it surely wouldn't be that hard to cut ties. Besides, what do the big clubs really do for the little ones other than provide them with players?
And the Bats would play in their own stadium in Louisville. Why would they play in the Reds stadium?
EDIT: The Lookouts were never a Cubs farm team. I guess I just imagined that.