By the time Burlington's Main Street program was founded in 1986, downtown had seen several decades of disinvestment, resulting in the loss of businesses and declining buildings stock. That trend has since been reversed. Today downtown Burlington is experiencing increases in job creation, business development, and upper story housing.
Since 1986, downtown Burlington has seen 335 business starts and expansions, 702 building renovation projects, and over $97 million in private property acquisition and rehabilitation. Interest in downtown is accelerating; with over $17 million in additional private development underway and more in the planning stages.
In a changing economy, it makes more sense than ever to invest in existing buildings and infrastructure. Add that to the demand for downtown living space, striking architecture, and vibrant cultural activity, and it's easy to see that downtown Burlington is a wise investment.
A recent study conducted for the Iowa Economic Development Authority by Donovan Rypkema of PlaceEconomics details the unqualified success and return on investment in Iowa's Main Street districts. Downtown Burlington exemplifies the value of reinvesting in Main Street.
Downtown Burlington is on the upswing — be part of it!