A former supermarket on U.S. 31 and an area of downtown Greenwood with three empty lots are on the city’s list of areas to be redeveloped.
Greenwood wants to spend $22.2 million over the next decade on projects downtown to attract commercial development. Most of the work would improve infrastructure, such as sewer lines and sidewalks. The goal is to develop vacant land and redevelop rundown buildings into office, restaurant and retail space, ultimately revitalizing the city’s downtown.
The money would come from an expanded tax-increment financing, or TIF, district, which would set aside property tax dollars for economic development projects.