Designated as a TIF (tax increment financing) zone in 2002, Citywalk offers financial incentives for qualified improvement projects. Redevelopment agreements are negotiated between the city and the developer or business, and must be approved by the Ferguson City Council.
The district has benefited from increasing public and private investment, with several major developments in progress. A number of our historical buildings have been dramatically transformed – along with historically sensitive new construction – creating greater opportunities for retail development and improving the area’s general aesthetics. In short, it’s the perfect time to consider locating your business in this thriving community.
In 2017, Ferguson City Walk was awarded the Missouri Main Street Affiliate Grant, the grant will help prepare us for long-lasting economic vitality for years to come. The Main Street Program uses a four-point approach, organization (encouraging cooperation, recruiting members, and building leadership in the business community); promotion (creating a positive image for downtown and promoting it as a viable place to live, shop, and invest); economic restructuring (developing business retention, expansion and recruitment strategies) and design (providing design education and assistance to improve the appearance of downtown).