Tag Archives: Downtown

Are You a Millennial? Fort Myers Wants You to Move Downtown

Downtown Fort Myers, also known as The River District (Andrew West / The News-Press)
Fort Myers officials are willing to rewrite the law books to make shopping, dining and living around downtown more attractive to millennials. Higher density around downtown means more buildings for urban housing, retail and coffee shops. The city’s goal seems simple: diversify the economy, create a walkable environment and establish a hub of activity. Then, theoretically, millennials will come. Read more... Read more

In Downtowns, Optimism Rings

Market Street in Selinsgrove, PA (Credit: Selinsgrove.net)
An in-depth look at the main streets of four Pennsylvania communities — Sunbury, Lewisburg, Selinsgrove and Danville — reveals that, while each community has its unique characteristics, they share similarities. All have parks — and festivals — but also the same type of worries that the individual characteristics and economies of Main Streets are in jeopardy. No matter the circumstances, each community shares one common characteristic: optimism. Read more... Read more

Fresno Seeks to Shed Its Legacy as a ‘Poster Child for Suburban Sprawl’

Downtown Fresno, California (Shutterstock)
Attracting commercial tenants to property in downtown Fresno, California was a tough sell even a few years ago. But public sector initiatives including high-speed rail, tax incentives, and a zoning code overhaul have helped propel what some believe will be a renaissance in downtown Fresno, a transformation that involves not just businesses filling up new office space, but also plans for substantial new housing. Read more... Read more

Investing in Main Street & Earning CRA Credit for Historic Tax Credits

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This one-hour webinar is aimed at bankers, developers, Main Street managers, property owners, community organizations, tax credit professionals and planning officials. Participants will have the opportunity to learn the key characteristics of CRA-eligible HTC equity investments. Bankers who participate will know how to make the case to bank examiners that their HTC investments merit CRA consideration. Those seeking HTC investments from banks will learn what information their banker needs to determine CRA eligibility. Learn more and register... Read more

Detroit’s Downtown Rebounds, but Neighborhoods Lag Behind

A vacant house in Detroit's Brush Park neighborhood (Rebecca Cook / Reuters)
While downtown and Midtown are on the rise, several other neighborhoods have yet to bounce back from population loss, disinvestment and scores of foreclosures. The under-construction Little Caesars Arena, which house the Detroit Pistons and the Red Wings, is the centerpiece of a coming 50-block entertainment district in a part of downtown that’s already nearly at capacity with new residents and new businesses. But some say the city is missing the kind of targeted spending that could reduce the number... Read more

Historic Tax Credits Help Drive Revival Near Downtown Omaha

The Mayfair Building in Omaha, after renovation. (Megan Smith / The World-Herald)
Nebraska’s new state historic tax credits are helping to save cool old buildings in sorry condition that have lingered on the periphery of urban Omaha revival. Developers pounced on the state historic tax credits the first year they were available, in 2015, and a University of Nebraska-Lincoln report found that the tax credit program “has already had a number of positive impacts on the Nebraska economy” in construction spending and wages. Read more... Read more

The secrets to reviving struggling downtowns? Taller buildings, narrower streets and on-street parking can help

Struggling downtown Birmingham, Michigan
In the 1990s Downtown Birmingham, Michigan, which served a city of more than 20,000 located about halfway between Detroit and Pontiac, needed a change. Today, though, downtown Birmingham is thriving. The city’s central business strip has been lauded as one of the most walkable and pedestrian-friendly downtowns in the country, and the successful revitalization of downtown Birmingham should serve as a blueprint to other urban areas struggling to provide a boost to their struggling downtowns. Read more... Read more
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