(1) Vendor needs to provide downtown market demand assessment and economic vitality transformation strategy services.- Conduct an assessment of the market demand in downtown great falls and to use the market demand assessment to develop an economic vitality transformation strategy.- The purpose of the project is to determine market support for new housing, business, and commercial investment in our downtown and to develop a strategy that we can implement over the next 3-5 years to attract investment in our downtown.- This project would include commercial and housing development (including renovation and new construction), start-up businesses, expansions and new businesses.- Establish a flourishing downtown where people want to live, work, and play, as detailed in the goals of the great falls downtown master plan and urban renewal plan.- The best way to do is through doing a market-driven assessment and use the findings to develop an economic vitality strategy that will drive our downtown economic development efforts over the next 3-5 years.- Assess downtown market support for types of new businesses, including retail, lodging, restaurant, entertainment, office, and special use facilities- Assess downtown market support for new affordable and market-rate housing, including rental and homeownership- Assess downtown market demand for commercial development, including, new construction and renovation of underutilized properties
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