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Economic Development and Innovation Committee Meeting
September 24 @ 1:30 PM - 3:00 PM
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- Meeting
- Sep 24, 2024 – ECONOMIC DEVELOPMENT AND INNOVATION COMMITTEE
- Category
- MEETING CALLED TO ORDER BY THE CHAIR
- Subject
- Item 22-04: Downtown Raleigh Economic Development Strategy (2/13/24)
- Type
Evan Raleigh, City Manager’s Office
In July of 2021, City Council approved the allocation of $250,000 in American Rescue Plan Act funds to support a downtown economic development study in partnership with the Downtown Raleigh Alliance (DRA). After a competitive solicitation process, Interface Studios, a planning and urban design practice known for blending research and analytical thinking with design and public visioning, was selected to lead the project. The scope of the study focuses on various aspects of the downtown economy and concentrates specifically on the following areas
- Revitalization of Fayetteville Street and bolstering the downtown storefront economy
- Repositioning the downtown office market
- Improving minority and women-owned business opportunities
- Identifying catalytic projects that could spur energy in the downtown area
During the February Council Work Session, Interface Studios presented an overview of the recommendations pertaining specifically to the Fayetteville Street portion of the Study. The item was referred to the Economic Development and Innovation Committee for further discussion where the first phase of the Study’s recommendations were subsequently reviewed and prioritized for future implementation.
During the meeting, representatives from Interface Studios will provide an overview of the final three phases of the report for the Committee’s review and consideration.