Springfield: What to Watch in 2014
The next 12 months are poised to see significant changes in the Springfield historic district with a number of projects, policy, and trends that could have a huge impact on our transitioning community... or not. No matter the outcome, here's what to keep an eye on in 2014.
(1) Mixed-use project at 1400 Main Street
A proposal for a four story, 100+ unit, mixed-use development was made public in the the Spring of 2013. The fate of the development depends on securing federal tax credits. The good news is that after months of delay, residents should know soon (beginning of 2014) if the project will move forward. The bad news is that securing the tax credits is a competative process, and other projects, like a similar development proposed for Downtown Jacksonville, are vying for the same pool of credits. If this project materializes, it has the potential to instantly jump start the struggling Main Street commercial corridor.