FY 2025 BUDGET BOOK - Flipbook - Page 71
➢ Resilience: A centralized complex with improved infrastructure can enhance the
City’s resilience to natural disasters and emergencies, ensuring that residents are
well-protected during adverse events.
➢ Space for Growth: The new complex would be designed to accommodate future
expansion, allowing the City to adapt to population growth and evolving public
safety needs without the expense of constructing additional facilities.
8. Downtown Development: The City represents a strategic approach to revitalize the
urban core, ensuring it remains vibrant, economically thriving and culturally rich. The
goal is to blend historic preservation with modern enhancements, aiming to attract
businesses, residents, and increase tourism. The City plans to achieve this with
infrastructure upgrades, enhancing recreational spaces and promoting arts and cultural
events. The City is focused on transforming the downtown area into a bustling hub of
activity which includes new restaurants, parking spaces, hotels, apartment complexes
and Ferran Park upgrades.
Downtown development will bring several significant benefits to both the City and its
residents:
➢ Economic Revitalization: Attracting new businesses, supporting local
entrepreneurs and creating a mixed-use space that promotes economic growth.
➢ Historical Preservation: Maintaining and restoring historical buildings to
preserve the C i t y ’s heritage while blending in modern amenities.
➢ Infrastructure Upgrades: Improving roads, public transportation options and
parking facilities to make the downtown area more accessible.
➢ Green Spaces and Recreational Areas: Improving Ferran Park, surrounding
plazas and pedestrian zones increases the quality of life and attract more residents
and visitors.
➢ Cultural Initiatives: Encouraging the development of arts, music and cultural events
or venues, such as theaters, galleries and festivals resulting in new residents and
businesses.
➢ Safety and Cleanliness: Ensuring that downtown areas are safe, well-lit and clean,
making them welcoming and appealing to all.
➢ Housing Development: Promoting the development of urban living spaces, s u c h
a s condos or apartments, making the downtown area livelier outside of regular
business hours.
➢ Community Engagement: Creating spaces and events that encourage community
gatherings, discussions and interactions.
➢ Streetscape Improvements: Beautifying streets with landscaping.
Long-Term Financial Plan Summary
In summary, the LRFP involves consolidating all components of the plan and ensuring
continued alignment with the City’s priorities. It serves as a roadmap for financial decisionmaking and resource allocation. By following the plan, the City can proactively address
financial risks, seize opportunities and work towards achieving its long-term financial
objectives, ultimately contributing to the well-being and prosperity of the community.
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