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After years of planning, Allen officials are moving forward with plans for a revitalized downtown.
The action taken: Allen City Council approved the first phase of the city’s Downtown Catalyst Project at a March 10 meeting. The approval included greenlighting agreements between the city and multiple partners in the project, including the Allen Economic Development Corp., the Allen Community Development Corp. and Rough Creek Capital Services.
The specifics: The site will feature 18,000 square feet of restaurant and retail space, a public pocket park, a stage and temporary parking, per city documents. The budget for this phase of the project is $17 million, half of which will come from the city through an economic incentive agreement. Allen’s EDC, CDC and downtown tax increment financing district will each contribute approximately $2.8 million.
Quote of note: “Our community has always valued connection, excellence and a sense of belonging," Allen EDC President Dan Bowman said in a news release. "With this landmark project, we’re laying the groundwork for a downtown that truly brings people together.”
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