MUNCIE, Ind. (Feb. 11, 2016) - The city of Muncie unveiled new plans for a $48 million riverfront development. City leaders said right now, they are still in a conceptual phase, but are starting to get an idea of what the project could look like.
The riverfront development would include apartments, restaurants and retail. City leaders said it would take up several city blocks. They're hoping the plans will help take the city to the next level, and model cities like Fort Wayne that are working on similar riverfront projects.
City leaders said they are hoping to take the space the city already has and transform it into a brand new landscape.
"It will allow us to utilize the riverfront that we have going through our downtown which is something a lot of other communities have been able to do," Kidder said.
The city is still working to secure a developer. Kidder said the opportunity for a public-private partnership would help alleviate some of the cost to taxpayers.
The cost for taxpayers would be around $10 million to $15 million. The mayor's office says they are confident the community will support the project and look forward to the opportunity's it will bring the city.