Hickory Trail Report outlines economic goals for City projects
Nov 08, 2018 | Economic Development , Planning and Development , Communications , City Manager , Bond Information , Aviation Walk , Book Walk , City Walk , Downtown , Old Lenoir Walk , Riverwalk
The City of Hickory Office of Business Development presented its Hickory Trail Report, which outlines economic goals for a one-quarter mile buffer zone along the multiuse path through the City, at the November 6 City Council meeting.
The Hickory Trail combines three phases of development – City Walk, Old Lenoir Road, and Riverwalk – to create a 5.2-mile pathway that connects amenities and destinations throughout the City from Lenoir-Rhyne University through downtown to Lake Hickory.
The Hickory Trail is an opportunity for Hickory to shape its growth for the next 15 plus years. The Trail will be an integral part to attract and organize a segment of Hickory’s future growth around parks, trails, transit, downtown, cultural, educational, medical facilities, and entertainment venues. The Trail, and the amenities throughout, will lead to job and population growth, thereby enhancing the quality of life for all City residents.
City staff from the Office of Business Development worked with Senior Data Analyst Taylor Dellinger at the Western Piedmont Council of Governments to develop a methodology for determining actionable and realistic objectives.
Based on that analysis, the Hickory Trail, a catalyst for economic growth and revitalization, is designed to achieve the following goals by 2035:
- $500 million in private investment
- 8,000 new jobs
- 1,750 new housing units
- 3,500 increase in population
These goals will be achieved by implementing the following strategies:
- Redevelop idle commercial and industrial properties to maximize underutilized assets.
- Provide opportunities to create regional destinations along the river and downtown.
- Focus on downtown housing, and establish an 18-hour downtown, attracting new citizens, including those from a younger demographic.
- Promote a healthy lifestyle with opportunities for walking, biking, canoeing, mountain biking, etc.
- Provide hospitality opportunities and linkages to quality of life events downtown, in the City’s parks, restaurants, and the SALT Block.
- Preserve values and aesthetics in existing neighborhoods along the corridor.
“By having clearly defined goals, the City will be able to analyze return on investment for these exciting projects,” said Assistant City Manager Rick Beasley, who leads the City’s Office of Business Development. “We look forward to the incredible opportunities for development and growth that the Hickory Trail will provide both along the buffer zone and throughout our community.”
The Hickory Trail Report has been professionally-printed to be distributed to potential developers, entrepreneurs, and small businesses interested in the Hickory market. The report is also available in digital format on the City’s website.
to read the entire Hickory Trail Report. For more information about the City of Hickory’s economic growth and revitalization projects, please visit www.CraftingHickory.com