The grant followed a two-year study by citizens of Slippery Rock and the local Town and Gown Association, which consists of university and borough business leaders. Slippery Rock Development is a nonprofit organization comprised of university officials, merchants, elected officials, local real estate developers and private citizens. The revitalization plan is expected to cost $4.3 million.
In includes development of a business incubator, in collaboration with the university, to establish spin-off businesses and attract investment, and a façade program to assist building owners in improving their properties within guidelines determined to make them more attractive.
Street lighting, pedestrian walkways, handicap accessibility and two parks are also in the plans. The revitalization project is to begin this fall and reach completion within two years.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
