Grand River Project, Expanding Live Downtown along Grand River
The goal of expanding development outside
of downtown and increasing the connection between downtown and the rest of the
city can be accomplished by expanding the Live Downtown program to areas out
side its current boundary. The live downtown program was set up by several of
the large corporations downtown to encourage their employees to live in the
area. The program is an incentive that gives employees who opt in either a lump
sum to purchase a home or a monthly allowance which can be used for rent.
The city’s Downtown area is filling up
fast as demand for house downtown is far out pacing supply; driving rental
prices above $2.00 per square foot as of Fall 2014. Midtown and Corktown are
not far behind Downtown in pricing. Spreading the Live Downtown incentives
program outside of the Downtown corridor can both relieve the pressure on the
city’s core and spread development to the outer areas of the city. The Grand
River Corridor represents the best option for that as it covers the most area
of the city among the roads that lead to downtown.
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