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Downtown Revitalization

   

Why Is Revitalization Important?

Your downtown or traditional commercial district is the most visible indicator of community pride, along with its economic and social health. The downtown district is either an asset or a liability in the effort to recruit new residents, new businesses and industries, retirees, tourists, and others to your community and to keep those you already have. Quality of life is what separates successful cities and towns from declining communities in the new millennium. Finally, your downtown or neighborhood commercial district is the visual representation for your community's heritage. The architecture of your commercial district is a physical expression of your community's history. The Main Street Approach encourages forward-thinking economic development in an historic preservation context so this community asset and legacy can be passed on to future generations.

 

Who Benefits from a Revitalized Commercial District?

Merchants

  • Greater opportunity for growth and expansion

  • Expanded customer base

  • Less financial risk

Property Owners

  • Stable or higher rents

  • Increased occupancy rates

  • Improved marketability of property

  • Higher property values

Financial Institutions

  • Expanded business customer base

  • Expanded residential customer base

  • Improved public image and goodwill

  • Fulfillment of community reinvestment mandate

Professionals and Service Businesses

  • Ready-made customer base of district employees

  • Location near government, banks, post office, and other institutions

  • Nearby amenities for clients and staff

Chamber of Commerce

  • Potential new member businesses

  • Healthier overall business climate

  • Potential partnerships on joint projects

Residents

  • Local accessibility to goods and services

  • Opportunities for volunteerism and leadership development

  • Preservation of community for future generations

  • More employment opportunities

  • Stronger tax base to support other community aspects (schools, parks, etc.)

Local Government

  • Increased sales and property tax base

  • Protection of property values and infrastructure investment

  • Reduced cost of services, such as police and fire protection

  • Reduced pressure for sprawl development

Community Partners

  • Improved quality of life in the community

  • New membership potential among new residents

  • Achievement of common goals

  • Preservation of community history

Schools

  • Youth involvement in civic projects

  • Use of commercial district as "classroom" for school projects

  • Potential employment and business opportunities

  • More places to go and activities for youths

Businesses outside the Commercial District

  • Increased visitor traffic to the community
  • Improved municipal services throughout community 
  • Increased business from overall healthier economy  
  • Additional amenities for employees and clients

Industry

  • Improved quality of life makes recruiting and retaining employees easier

The above information above is from the www.mainstreet.org National Trust For Historic Preservation website.


 
CONTACT US
Bettering Our Local Downtown
B.O.L.D. of Jacksonville, Inc.
421 Court Street ~ Jacksonville, NC 28540
Ph: 910-937-7222 / Fx: Same - please call first.
Email:
BOLDassist@eastnc.twcbc.com