CLARKSVILLE, IN (May 17, 2022) – Unlike most redevelopment projects, Clarksville will be working with a blank canvas when it begins creating its new downtown area. Gone are the dozens of empty buildings, and oil tanks that once stood in on the old Ashland Oil property area near Ashland Park. Now the area is empty and ready for new life.
That new life began today with a special groundbreaking ceremony to celebrate the start of construction of a new downtown street grid. The Clarksville Redevelopment Commission purchased the properties with the intent of building new streets and infrastructure, which is expected to draw new investment and development to Clarksville’s new downtown area.
“We’re excited that the Clarksville Town Council and Redevelopment Commission have prioritized infrastructure improvements for the new downtown district,” said Clarksville Redevelopment Director Nic Langford. “Private development follows public investment; this new street grid is setting the table for us to attract bigger and better projects to our fast-growing riverfront.”
To date, the Town of Clarksville and the Clarksville Redevelopment Commission have already invested more than $30,000,000 in property acquisition, new development, and new infrastructure. Recently completed projects include the Cornerstone Group’s Bolt+Tie development and Clarksville’s new award-winning Main Street. Also currently under construction is Denton Floyd’s Current812 project, featuring Class-A retail and luxury riverfront apartments.
The new road and infrastructure project is another $5 million investment from the Town of Clarksville. The road project is expected to be completed in late 2023. To learn more about redevelopment efforts in Clarksville, click here.