Page 22 - Murfreesboro, TN Comprehensive Plan: Chapter 7, Economic Development

7.22 Chapter 7

DRAFT 12.02.15

STRATEGY 7.2.1: Prepare/update the Master Plan for 6. Gauge property-owner interest in an upper-floor
Downtown and the historic ‘Bottoms’ area, then “work” conversion/reoccupation incentive program.
the plan. Consider establishing such a matching such a
program using TIF funds.
ACTIONS AND INITIATIVES 7. Work with MTSU to identify off-campus development
1. Consider establishing and filling an economic opportunities in Downtown.
development coordinator position under the 8. Refresh/expand Downtown streetscape to include
Planning Department (see Build Local Economic additional streetscape improvements, including
Development Capacity below). decorative lights, planters, benches and accented
2. As recommended within Chapter 2, Growth Capacity sidewalks.
and Infrastructure, consider the eventual formation 9. Consider preparing a parking plan for Downtown.
of a Redevelopment Authority/Corporation and Identify sites for a future public parking structure.
hire a full time executive director to package re/
development deals and proactively market/recruit 10. Work with developers and property-owners to
developers. package and “close the gap” on key redevelopment
projects. Be ready to co-invest in catalytic projects
3. Consider developing and funding a façade-grant using TIF and other resources.
program (including rear facades) and work with
Main Street Murfreesboro / Rutherford County, Inc. 11. Budget for the planning, design and daylighting of
to provide design guidance. Town Creek.
4. Work with Main Street Murfreesboro / Rutherford 12. Develop a Master Plan for the historic ‘Bottoms’
County, Inc. to build support for a Business redevelopment area.
Improvement District (BID) to fund extra aesthetic 13. Explore National Register of Historic Places district
improvements and to program additional Downtown designation for downtown square to facilitate access
events. to historic rehabilitation tax credits.
5. As recommended in Chapter 2, Growth Capacity and
Infrastructure, evaluate and map a downtown TIF
district. Activate the district when a lead project is
brought forth. [ Continued on page 7.24]