Tuesday, September 28, 2004
Downtown Development Plan to Set a Course for the Future
"Vital downtowns are the impetus for the economic success of the entire state," said MEDC President and CEO Don Jakeway. "The blueprint for Highland Park will help the city to direct and further focus its continued redevelopment efforts to bring investment and jobs to its unique historic district."
As a Blueprint community, Highland Park will work with the MEDC and the national downtown consulting firm of HyettPalma to develop an action plan. The process includes defining a long term economic development vision, conducting a market analysis to determine the potential of the downtown area, formulating a definitive course of action and encouraging the formation of a public/private management team to implement the plan. HyettPalma will make its initial visit to Highland Park this November. Formulating the plan will take approximately five months, with implementation estimated to take five years.
"We are excited to embark on a new phase of Highland Park's redevelopment," said Mayor Titus McClary. "The successful $60 million Town Center project at Woodward and Manchester proved that our community provides a strong market for new development. The Blueprints program will help the community formulate a strategic action plan to reinvigorate Woodward Avenue with a special focus on the more traditionally historic commercial and residential properties north and south of the Town Center area. We believe that this program will attract additional retail stores and housing opportunities into the city of Highland Park."
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.