Friday, December 5, 2008

Now is the Time to Invest in Downtown

The EDC Board of Directors strongly supports the investment in downtown Owensboro recommended by the Gateway Planning team last month.

The new proposed master plan, the result of an intensive placemaking process led by the Greater Owensboro Economic Development Corp and Downtown Development Corp., will result in a significant local investment over the next 5 years to match the $40 million federal investment in the Owensboro riverfront. The recommended Phase I public amenities and private investment in downtown are based on very rigorous economic analysis provided by the Gateway Planning.

"The full implementation of this plan will require commitment from both the public and private sectors. The EDC strongly encourages our elected officials to embrace and support this plan, and explore all possible revenue sources to make the necessary financial commitment to those aspects of the plan that clearly rest with the public sector," said EDC Board Chair Darrell Higginbotham. "We offer our pledge to be an advocate and facilitator with the private sector as well. Now is the time to take the necessary steps to realize the vast potential of our downtown."

Click here to read more about the downtown master plan.