By Dave Feehan
President, Civitas Consultants LLC
Since 1990, Business Improvement Districts or BIDs, as they are commonly known, have become the most effective and accepted method for funding downtown and business district organizations.
For many decades, merchant associations and voluntary downtown councils played the role of business district manager and advocate; but the decline in downtown retail, the shift to national chain stores, and the acquisition of local headquarter firms by national and international conglomerates made these downtown management models difficult to sustain. Continue reading “Business Improvement Districts – Not Just for Big City Downtowns”
At the end of 2014, Fourth Economy in partnership with Pfaffmann and Associates and Fourth River Development Company, completed a downtown housing market study and redevelopment plan for the City of Altoona in central Pennsylvania. This is another action plan being fully implemented by local stakeholders. Several buildings were targeted as part of this study for redevelopment into market rate urban style apartments, condominiums and destination retail. Programmatic and financing strategies were also identified. Continue reading “New Investment and Programs Follow Altoona, PA’s Downtown Housing Study and Development Plan”