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Why is Downtown Development Important?
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Downtown development and/or redevelopment helps to create a successful downtown. A successful downtown is important because that is an indicator of community pride, economic vitality, and social capital. Therefore, when the city center suffers, the city suffers. Creating an inviting and vibrant city center is an asset for recruiting new residents, businesses, industry, tourists, and the like. It also keeps the current residents happy and excited to call their city home.