It's a ten year outline for public and private investment broken down into eight catalytic projects.
“This is a solid plan, it's action oriented. It clearly lays out a detailed road map for what we can do, starting today and into the future,” said Mayor David Gysberts.
City officials say each year has a road map for which projects should be accomplished and how much it will cost.
The project overall will bring in $125 million in new investment and bring in an estimated 875 new jobs.
“So the idea is that all of these projects are economically feasible based on the assumptions that are in the report,” said Gysberts. “So basically we're trying to jump start downtown redevelopment through this plan.”
The eight catalytic projects are: Strategy for Office Development & Recruitment, Maryland Theater Expansion Project, USMH Expansion Support Strategy, Hotel/Conference Center & Heritage Center/Commemorative Park,
“So what we want to do is start in year one by getting these projects off the ground so people can see visible change right away,” said Gysberts.
Here’s a link to the full report:http://www.hagerstownmd.org/DocumentCenter/View/2321
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