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Enhancing Community Identity and Economic Growth through Downtown Revitalization Initiatives

This initiative aims to create a stronger sense of identity and community by transforming downtown into a vibrant hub where residents can gather, shop, and dine. By fostering walkable neighborhoods and providing green spaces, we will expand services like retail, restaurants, and entertainment. These enhancements will drive economic growth, reduce the tax burden on residents, and diversify our tax revenue. Our goal is to create an inviting environment that attracts new businesses and residents, ultimately benefiting the entire Village.

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Enhancing Community Identity and Economic Growth through Downtown Revitalization Initiatives

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Presentation Transcript

  1. Why are we doing this? • To create a sense of identity; a sense of community • To expand services for residents • To serve as an economic engine for the Village • To diversity our tax revenue

  2. How do downtowns create a sense of identity & community? • By serving as the community hub where neighbors can meet for a drink, dinner or a shopping spree • By creating walkable neighborhoods • Through building design and architectural feature • By providing open green areas for recreation and mingling • Through special events tailored for the community

  3. How will this initiative expand services for residents? • By providing opportunities for new retail establishments, restaurants, shopping, movie theatres, etc… • Services such as dry-cleaning, hair salons, pet grooming, specialty stores will be close by in a welcoming environment

  4. How will this initiative serve as an economic engine for the Village? • By creating an inviting environment where people want to live and frequent, which provides better patronage to small businesses. • By removing outdated regulations that impede new business investments and new development in the area that create jobs

  5. How will this initiative diversify our tax base? • By growing the non-existing commercial tax base and shifting the tax burden from residents to businesses • By providing for increased collection of sales tax revenue from the enhanced retail activity • Through urban design principles that are known to increase property values

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