In a recent government meeting, officials highlighted significant developments in local infrastructure and community projects, following the amendment of Act 381, which now allows for TIF housing financing. Key updates included the upcoming opening of Cornerstones Alley and progress on various park projects, including an exercise pad at Yarbrough Park and improvements at Union Park and Broadway.
The meeting also addressed the approval of site plans for the Chase Bank project and the imminent start of construction on Imajole Flats Plaza. Notably, the House of David Hotel has been purchased and is set for redevelopment, signaling a revitalization of the area.
Additionally, a high water grant is being pursued for the Carpenter Drummond project, with the corner Wall Street project preparing to break ground soon. The old firehouse at the train station on Water Street has been acquired, and there are plans for the Thayer Paper Company site, which is under consideration for development.
The city is actively managing numerous street projects, with weekly updates provided by Marsh's report. A significant investment of over $8 million is earmarked for the Ox Creek project, alongside a recently approved $1 million grant from the National Oceanic and Atmospheric Administration for valley cleanup efforts. Hall Park and the Bobo Brazil Community Center are also benefiting from $1 million grants each, underscoring the city's commitment to enhancing community facilities and addressing previous challenges with Community Development Block Grants (CDBG).