Posted 2/15/2024, 8:08:18 PM
Downtown Elgin Revitalization Should Target Local Residents More Than Visitors, Market Analysis Shows
- New market analysis shows downtown Elgin should target local residents more than outside visitors as a key demographic to revitalize the area
- Data shows household incomes within 10-20 minutes of downtown are $90k-$100k; 20% within 5 minutes make over $150k
- 25% surveyed feel unsafe downtown; top complaints are empty storefronts, lack of retail and restaurants, homeless population
- Respondents want to see more dining options like breweries, wineries, pubs, and fine dining establishments
- Main Street designation and extended TIF district funding are top priorities to facilitate continued redevelopment