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In 1995, the State of Indiana
awarded The City of Rising Sun a gaming license for a riverboat casino.
The Hyatt Grand Victoria Casino and Resort began operations in 1996 and
immediately made a major impact on the local economy. Rising Sun was
able to allocate $3 million to establish the Rising Sun Redevelopment
Commission to revitalize Main Street in the sleepy little river town.
In 1996, The Historic Downtown
Program Business Development Center was created to renovate the Main
Street business district. The Downtown Program’s award-winning
“Arts as Economics” approach was adopted to build on the growing
tourism industry by creating another niche to draw visitors to Rising Sun.
The Redevelopment Commission
funded renovation of blighted properties to bring new businesses into the
community. Renovated buildings are now restaurants, unique gift
shops and artists’ studios.
Upgrades to the long-neglected
infrastructure were extensive. Water, sewers, the electric, streets
and sidewalks all were updated. Public projects were undertaken such
as the new City Hall, the Medical Center, the City Pool, the Main Street
Pavilion, riverfront gazebos and streetscapes.
The Revolving Loan Board was
established with low interest loan programs to encourage with low interest
loan programs to encourage business development. The Micro loan
program provides a 3.5% loan for up to $7,500 for 3 years. The
Revolving Loan is a 3.5% loan for up to $120,000 for up to 20 years with a
business plan application.
The Rising Sun Redevelopment Commission works with the
Historic Downtown Program to attract businesses to the Main Street
business district. The Commission meets the fourth Tuesday of the
month at 7:00pm at the Rising Sun City Hall.
For more information call
The Historic Downtown Program
(812)438-2750 |
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