Phoenix LISC working with Mesa Chamber of Commerce to smooth light rail transition, spur development

Phoenix LISC, with a grant from State Farm, is supporting a coordinating position within the Mesa Chamber of Commerce to smooth downtown's transition to a rail-oriented destination. This follows LISC's launch of a $20 million investment to boost transit-oriented develoment along the rail line. Teresa Brice, Executive Director of Phoenix LISC says "we believe this is a very critical time in Mesa in terms of stabilizing Main Street, attracting new businesses and helping to make downtown a vibrant place."

Downtown Mesa gears up for light-rail construction work

23 Apr 2012 - Gary Nelson, AZCentral.com

Excerpt:

With the start of light-rail construction only weeks away, Mesa and several community partners are gearing up to maximize investment opportunities along the line and minimize the stresses of redevelopment.

The Local Initiatives Support Corp. and the Mesa Chamber of Commerce announced Wednesday that the creation of a position within the chamber to smooth downtown's transition to a rail-oriented destination.

Funding for two years is provided by a $100,000 grant from State Farm Insurance.

LISC is a 20-year-old, Phoenix-based agency that facilitates loans for projects to make communities more sustainable. Its executive director is Teresa Brice.

Last year, LISC launched a $20 million investment fund to boost transit-oriented development along the rail line. The organization hopes to grow the fund by another $30 million. Continued[+]...

> Read the full AZCentral.com article.

> Visit the Phoenix LISC website.

Article Type: News