The City of Bellevue has introduced an economic incentive program to help revitalize and encourage new growth within the city.
The URCDA Economic Development Incentive Program, which has an initial outlay of $200,000, will be used to address public infrastructure, facade improvements, parking creation, and public-private partnerships and is applicable to both commercial and residential projects.
Applicants are required to show their ability to complete their projects and must be able to demonstrate short-term and long-term economic impacts.
The program will be continually funded through payroll and property tax revenues from the improved properties.
The first program grant has been awarded to Don Messer, who plans to rehabilitate the old Sylvia Theatre at 318 Fairfield Avenue into a "home concept center".
318 Fairfield Avenue, courtesy of the Campbell County PVA
Thursday, October 25, 2007
Bellevue introduces economic incentive program
