A proposal to promote downtown development will be introduced at tonight'€™s City Council meeting. The proposal will be discussed at City Council'€™s September 19 meeting.

The City is seeking to establish a Municipal Riverfront Development Project, which would be bounded by an area similar to that of the downtown Community Revitalization Enhancement District. This would allow restaurants to obtain a liquor license from the Indiana Alcohol and Tobacco Commission. The license would be less expensive than obtaining a license on the open market and serve as a valuable incentive for a business or individual looking to open a restaurant downtown.

A Municipal Riverfront Development Project area must have received federal, state or local funds for revitalization, have a history of blight by having been designated a redevelopment district and be near a river.

The passage of a development area could spur downtown development as outlined in the City'€™s Downtown Blueprint process to revitalize downtown.

Thirteen cities in Indiana, including Indianapolis, Lafayette, Valparaiso, and Richmond, have riverfront project areas.