There are so many reasons to desire a vibrant central business district (CBD). It gives a town character. It provides a stronger sense of community, and life. One’s perception of a town is usually defined by its CBD. Is it thriving or just surviving? Is there progress or does it seem like it’s stuck in time? Does vacant space rent quickly or sit empty for months (or years)? When residents can walk around and window shop and eat, they’ll spend more time in the community – thus creating more opportunities to bring in revenue. And a vibrant CBD is great for property values. A study conducted by Independent We Stand over a 14 year period shows that “…in ZIP codes that contained a central district dominated by strong, independent businesses, home values went up 54.2 percent more on average than those without one.”
|This is an advertisement.|
We spend a lot of time and resources on our fantastic schools and community events, as well as our beautiful parks and homes. A strong and vibrant central business district is a critical piece we should consider focusing on as a community to make Fort Thomas as great as it can possibly be.
By Dan Gorman, Owner, United Property Group, Ltd.
PHOTO: Dan Gorman in front of the Hiland Building when he purchased it in 2015.