Mar 13, 2021
There was genuine excitement four years ago when Jamestown received a $10 million state Downtown Revitalization Initiative grant.
Unfortunately, as some projects that received DRI money fizzled, so has that excitement.
Priority projects included $1 million to help redevelop the former Key Bank building at Second and Main streets. That project will not happen, though whoever purchases the building could still receive the DRI money.
And, let’s not forget the $830,000 that was spent to help turn the former W.T. Grant Department Store building on Third and Washington streets into the Jamestown Brewing Company, which opened for less than a year before closing its doors while being the subject of a nasty court battle between the developer and the chosen tenant.