Park Spurs Development and Brings Town Through Recession

The creation of a park in downtown Greenville, South Carolina, is credited with helping the city lure new development and stay economically healthy during the recession.

"The city has a beautiful, natural waterfall smack in the middle of its downtown that was hidden for decades by a concrete overpass, warehouses and boarded-up buildings. White took some political heat, but convinced the city to fund a 20-acre public garden around the waterfall and a suspension foot bridge above.

'The park cost $13 million,' White says. 'Within two years, over $100 million in private investment was created around the park - hotels, restaurants, condominiums, apartments. The entire, what we call the West End of our downtown, just blossomed.'"

The city has also focused on luring development by providing green space and parking for new projects.

Full Story: How A Park Helped One Town Weather The Recession


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