
The traditional/historical downtown district is a reflection of the community image, pride, prosperity, and level of investment. These are important factors in retaining businesses and recruiting new business city-wide. Historic downtown embodies the city's past and it's visual identity. When considering a town/city for relocation, one of the first areas visited is the historical downtown district. A healthy downtown is a deterrent against crime and increases property values city-wide.
Merchant/Property Owner Benefits:
-
Stable and/or higher rents
-
Increased Occupancy Rates
-
Improved Marketability
-
Increased Property Values
-
Increased customer base
-
Improved public Image and community pride
-
Healthier City-Wide Business Climate
-
Less Financial Risk
-
Crime Control
-
Increased visitor traffic to the community
-
Increased City-Wide business from overall healthier economy
Resident Benefits:
-
Local accessibility to goods and services
-
Opportunities for volunteerism and leadership development
-
Opportunities to participate in molding direction of community development
-
Preservation of community and local history for future generations
-
More employment opportunities
-
Crime control
-
Supports community projects, like school events and local athletic teams
-
Supports locally owned 'Mom-Pop' businesses
Improved quality of life