The next phase of construction includes park improvements such as widening crosswalk, as well as adding lighting and water features for the area.
City officials say more than $100 million in new and renovated private construction is planned along the new park areas. They say they expect the construction to begin in the next few weeks, and that it will eventually result in hundreds of new jobs and increased state and local tax revenues.
Officials say they've been working for decades to complete this project.
"We're really looking forward to the economy revamping and all the building happening along it [the Carroll Creek] which is a major part of it, and a major boost for everything Downtown," said Senator Ron Young. "We've got one of the nicest small towns anywhere, and this will continue to add to it and be an attraction for people and new businesses."
This phase of construction largely completes the vision initiated more than 30 years ago after flooding in the downtown.