Plano has announced some very big plans for revitalizing the historic downtown area. They want to make it more appealing and more accessible for residents and visitors. Property owners in the area are very excited about the plans, as it will help with values and business.
The newest renderings show a concert stage going in near the strip. They also detail a bike and walking trail, which will connect to the rest of Plano. Some of the eyesore buildings will be turned into parking lots, while others will be renovated for retail space. Even the power poles on 15th Street will be hidden and some of the roads will become wider.
The plans also include 170 more apartment units and a new housing development. This is all being added to help bring more consumers to this area of the city. For most business owners, this will be the largest development they have ever seen in Plano. Many believe it will be the largest development in the history of the city.
The Plano downtown area used to be the heart of the city and is still one of the oldest areas of North Texas. City officials want to return the historic downtown to the center of town feeling it once provided.
With all of the migration to shopping malls and shopping centers, the downtown area has become less of an area for commerce in Plano. However, these changes should help bring it back to where it once was and preserve the character and charm of the historic downtown.
Some of the changes are already underway, while others are expected to be approved next week. The city is using the $48 million from property tax money, which has been set aside over the past 15 years for this project.