“Revitalizing Downtown: The Promenade des Ours Project and its Impact on Business Growth”

2023-06-01 07:37:59

It is the Promenade des Ours, between two rows of apartment buildings with a commercial ground floor, which connects these two places. “Before, there was in the place of the breakthrough, a row of houses including the bank general in the middle of the bowling game, explains Claude Eerdekens. The center now has a new look, it’s more fluid, and business is more dynamic than in 2008″. An observation confirmed by several traders.

When the project started in 2008, the city acquired the buildings it wanted to demolish. The public market is launched, a consortium of builders wins and then ensures demolitions and constructions. “We did not sell the land that belonged to us. We used the technique of renunciation of a right of accession. This means that the land is made available, the company constructs the buildings and when they sell to the notary, the city sells the share of land to the buyer and the developer sells what he has built on the communal land.This technique makes it possible to avoid mobilizing funds for the acquisition of a land and gradually, depending on an indexation key, we receive significant capital over time”.

Phase II of the downtown revitalization project, which started in 2008, is coming to an end. There remains phase III, which should connect the Lighthouse (near the football field) to rue Frère Orban.

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