|
The city of Fremont took a first step in creating a downtown
Tuesday night, selecting developers to help plan the area,
which leaders hope will one day look like Main Street
USA.
The city council chose Capitol Avenue Partners and Blake
Hunt Ventures of Danville as co-developers to help plan
and potentially develop Fremont’s downtown area
at the heart of Fremont Boulevard and Mowry Avenue. City
leaders have long felt that Fremont is significantly “under
retailed” in shopping and dining compared with other
cities, and lacks “much needed” retail specialty
stores to pump up the city’s economy, according
to a city news release.
City leaders now need to develop a financing plan to
see how all of this would be paid for, which could take
about six months, officials said. If all goes as planned,
construction on the new downtown wouldn’t take place
for at least three years. |