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$title='Press Release &mdash; Multi-Facade Program Drives Private Investment';
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<h3 class="contentheading">Press Release</h3>
 
 
<h2>Multi-Facade Program Drives Private Investment</h2>

<p class="body"><b>Exterior improvements spurred property owners to make interior upgrades, and owners of buildings on neighboring blocks to begin their own facade improvements.</b>

<p class="body">(Mountain Lakes, NJ, December 1, 2016) &mdash; 

The typical facade improvement program just wouldn&rsquo;t
do in Rawlins, WY, where 62 of 95 
downtown businesses, totaling 62,000 square feet of
facades, are undergoing grant-funded improvements all
at once.

<p>&quot;We decided to try it a different way,&quot; says Pam
Thayer, executive director of Rawlins Downtown
Development Authority (DDA)/Main Street.

<p>Participating property owners signed easement
agreements giving DDA/Main Street control over their
facades for eight years. They also contributed 10
percent of the construction costs. The remainder of the
$1,630,000 budget came from two CDBG awards and one
state grant. 

<p>Participant interest and private investment quickly
increased that amount. &quot;Since we started this,
we&rsquo;ve had Union Pacific come in and do their own $2.5
million project; another property owner did about
$150,000 worth of work; now the museum is putting in
another $500,000; and more amazing is that when all was
said and done, I had property owners that said they
wanted to do more [than the scope of the facade
project] and that they would pay the difference.&quot; 

<p>The total private investment has reached $3.25 million,
Thayer says.

<p>Details on the Rawlins program and a related program in
Fontana, CA, appear in the December issue of
 <a  href="http://www.downtowndevelopment.com/dix.php" ><i>Downtown Idea Exchange</i></a> newsletter.

<p class="body">###

<p class="body"><b>About the Downtown Research & Development Center</b>
 
<p class="body">For over 50 years, the Downtown Research & Development Center has acted as the information clearinghouse on practical strategies and tactics for revitalizing the hearts of our cities and towns.

<p class="body">The Group\'s main activities include publishing the widely influential <A HREF="http://www.DowntownDevelopment.com/dix.php" class="linkc" target="_blank"><em>Downtown Idea Exchange</em></a> and <A HREF="http://www.DowntownDevelopment.com/dpr.php" class="linkc" target="_blank"><em>Downtown Promotion Reporter</em></a> newsletters; publishing relevant books and reports; and operating the DowntownDevelopment.com website.

<p class="body">Website: <A HREF="http://www.DowntownDevelopment.com/" class="linkc" target="_blank">http://www.DowntownDevelopment.com</a>

   
<p><br>
</p>
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