The skyline of Downtown Jackson is undergoing massive changes as several new developments and building renovations take shape.
While some worry this means all of the City’s resources are going to the downtown area, new data from the City of Jackson sheds light on where the investment is really going in Jackson.
City staff recently released investment data from 2015 to July 2019.
Since 2015, the City of Jackson has spent more than $42 million on City infrastructure (roads, street lighting, parking lots) and park improvements.
Data shows that 63.5% of the City’s spending on infrastructure and parks, which amounts to $27 million, has gone into neighborhoods all over Jackson.
That’s nearly double the investment of the $15.4 million that’s been spent on parks and infrastructure improvements downtown.
There has also been some concern in the community about how much the City is contributing to downtown developments.
Investment data shows that since 2015, Downtown Jackson has seen nearly $100 million in private and public investment, with an estimated yearly tax benefit to the City of more than $538,000.
Governmental investment in downtown developments from federal, state and local funds only amounts to over $3.5 million, with $1.1 million coming directly from the City of Jackson.
That means just 1% of the investment in the resurgence of downtown has come from City funds.
Click on the highlighted web link to view the data on downtown and neighborhood infrastructure investment.
Click on this highlighted web link to view the data on private and public investment in Downtown Jackson.
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