Placemaking Initiative for Downtown Owensboro, Kentucky
Greater Owensboro Economic Development Corporation
Gateway Planning and TXP were hired by the Greater Owensboro EDC to generate a market-based master plan and a comprehensive package of catalyst projects intended to jump-start downtown revitalization. With its emphasis on mixed-use land use and development, the concept behind the revitalization of Downtown Owensboro was designed to reflect current market trends and conditions. TXP analyzed the market environment by evaluating the market conditions under which revitalization would occur, as well as an assessment of the potential size, scope, and preliminary feasibility of specific initiatives. Following a review of market demand and potential catalyst projects, the costs of project implementation were outlined along with preliminary financing options.