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Date
4/24/2012

Downtown Alliance Presents Vision for Urban Redevelopment

Developing downtown San Antonio into an even greater place for urban living, to equal the excitement that tourism brings is going to take careful planning and dedication. The $350 million action plan was presented by Jamie Torres Springer, partner with HR&A Advisors Inc., to a room full of San Antonio leaders on April 16 at the Hyatt Regency.

Torres explained that more private funding is being sought first to make more downtown residences available, adding that the goal is to increase downtown residents from the current 7,500 to more than 14,000 by 2020. He noted that this a good goal, but he would like to see even larger figures in the long-run.

With more tenants living in the downtown area, it will draw more jobs and more retail because demand will go up for both.

Parking is a common concern with regard to downtown living. While there is ample parking available, Torres noted that it is poorly located. Another concern is retail space. Torres said that retail opportunities, including a central grocery store, are sure to follow an increase in residences.

To read more about the Strategic Framework Plan for the Center City, visit the Downtown Alliance website.

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