The Evansville Regional Economic Partnership (E-REP) has presented a major proposal to the Indiana Economic Development Corporation (IEDC) in the hopes of receiving $50 million, which would be utilized to expedite the growth of the Evansville region.
The READI Regional Development Plan, which was submitted by the Evansville Regional Economic Partnership, highlights near-term opportunities as well as larger-scale projects that would aim to assist the Evansville Region (Vanderburgh, Warrick, Posey, and Gibson counties) in its efforts to grow economically.
A portion of the planned concept will breathe fresh vitality into the downtown area of the River City. The “River Center” is a proposed new facility in downtown Evansville that would house a variety of events and activities.
It is estimated that the River Center will have 135 market-rate rentals with water views, 32,000 square feet of restaurants and retailers, 100 pedestal parking spaces, and a stair-step design that enhances views while providing seating for large events, all of which will be located overlooking a horseshoe bend in the Ohio River, according to E-REP.
It has been reported that the next phases in the READI process would involve presenting before the state review committee the week of November 29th, with award announcements scheduled for the month of December following that date.
On the Evansville Region’s website, at evansvilleregion.com/readi-program, you may find further information on the plan. You may also view the READI Plan in its entirety by clicking here.