The City of Greenville expects a 'huge ROI' for the Greenville Trail Project > GSA Business

The City of Greenville expects a ‘huge ROI’ for the Greenville Trail Project > GSA Business

By Chris Merriman

Prisma Health Swamp Rabbit Trail Extension Master Plan Released by cThe city of Greenville in November 2019, and the city council approved the latest development strategy to extend the 4.5-mile route last January.

The master plan explores land use and connectivity opportunities within a five-minute walk of the planned extension of the Green Line, which runs from Cleveland Park to Clemson University’s International Center for Automotive Research along with Lawrence Street..

Basically, three distinct projects are currently being created As part of the route extension plan: Cleveland Connector (“paperclip”), Laurens Road Bridge and Haywood Bridge.

The bridges are expected to be completed by the end of the year while the Paper Clip project is completedNamed primarily because of the series of switches that will run parallel to Laurens Road, it is expected to open early next year. According to Kalin Owens, Greenville City Mobility Coordinator, the Swamp Rabbit Trail extension is expected to be completed by March.

The Swamp Rabbit Trail bridge over Haywood Road is expected to be completed by the end of the year.  (Photo/Ross Norton)“The stretch of track is nothing but an expansion of what everyone already loves,” Owens said. “We know there will be a huge number ROI once completed based on what we already know.”

Owens said the Laurens Road corridor has already been built and “urbanised,” and the extension will allow greater access for residents. and travelers to their offices, businesses, homes and leisure activities while being the economic engine of the city. Trail counter estimates there are over a million people a year on the Swamp Rabbit Trail, so it’s not a fantasy that it will continue to positively impact Greenville’s economy, as local businesses and developments have set themselves up along the way already.

“Usually the people on the trail are there to spend money and do something fun,” Owens said.

The Swamp Rabbit Trail is a 23-mile green trail system routed between Greenville and Travelers Rest. It will grow to 28 miles with the new segment. The route undoubtedly reaches its goals of providing active transportation alternatives while simultaneously enhancing the region’s economic vitality, according to the city’s master plan. Since the proposed extension of the route will reach a larger number of resident residents, the master plan indicates a greater opportunity for connectivity and access to the future route from adjacent neighborhoods, the plan says.

Furthermore, the city feels that the extension plan will be supportive of future developments and redevelopments along the Laurens Road corridor, which may encourage Diversify housing and promote economic growth.

The plan renderings, created by Stantec, Alta Planning and Design and Overstreet Studio Design, anticipate the mixed-use storefront redevelopment projects that have emerged along the driveway walkway. Similar to already established businesses in the area such as Willie Taco, Farmhouse Taco, Cossedge Coffee, White Duck Taco, Think Tank.

The value of real estate within the masterplan study area is expected to increase by a minimum of $1.5 billion over the next 10 years, according to the plan.. This is underlined by the Swamp Rabbit Trail’s current annual economic impact of $6.7 million in Greenville County and the 85% increase in sales it brings to nearby businesses, according to an earlier report.

The plan identified potential public and private easement opportunities along the trail including access to the Washington Heights redevelopment and Holland Park development, as well as the development of a village center in Verday With a public open space. The plan also proposed a potential nature reserve around the CU-ICAR property.

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