"Once again, this small venture demonstrates how private investment is being led by businesses just like this one in neighborhoods across the city," Archer adds. "This is what development is all about -- regular people taking a chance, a second mortgage or a smallbusiness loan to make their dreams come true."
Clark's new restaurant is the result of a 1998 partnership formed by BLIMPIE International Inc. and the US Department of Housing and Urban Development. The program, called the BLIMPIE Urban Initiative for Leadership Development (BUILD) was created to provide franchise opportunities in new urban markets. Clark was initially chosen for the opportunity from a field of nearly 400 candidates.
The venture breathes new life on the site of a once vacant eatery and complements the newly constructed Parkside Public Housing complex that had sat vacant since the early 1980s, Archer says.
The new housing complex is part of a $500-million capital improvement program for the city's public housing program, which is the largest single public housing development program underway since it was first created in the 1950s.
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