Downtown Fargo Renaissance Zone Wins International Economic Development Award
What happened
Downtown Fargo's Renaissance Zone received an international merit award from the International Downtown Association for its economic development efforts in Portland, Ore. The zone, which was created in 2000, has seen over 125 properties benefit from more than $58 million in project improvements since its inception. Bob Stein and the Downtown Community Partnership submitted the narrative and presentation to nominate the zone in May.
From inforum.com
Why it matters
The award recognizes the success of the zone's revitalization strategy, which offers five-year property tax and state income tax exemptions to investors. The investments have reportedly raised property values downtown and improved blighted properties within the 35-block zone.
From inforum.com
Who's involved
- FargoThe location whose downtown zone received the international recognition.
- Bob SteinSubmitted the narrative and presentation to the International Downtown Association.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Fargo's economic success may boost Jonathan Warrey's political standingJonathan Warrey's political standing may be enhanced by Fargo's international economic awardPossible
- How could the economic revitalization of Fargo's Renaissance Zone affect David Elliot?Fargo's downtown revitalization may boost local demand for businessesPossible
- Fargo's revitalization award may intensify regional competition with West FargoFargo's revitalization award may intensify regional competition with West FargoPossible
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The entities involved
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Fargo
city in and the county seat of Cass County, North Dakota, United States of America