An event center is a critical component of the city’s downtown revitalization efforts and would provide an economic jolt to this area, City Manager Charles Penny said during the weekly meeting of the Rocky Mount Kiwanis Club on Thursday at Benvenue Country Club.
Penny told the crowd that an estimated 300,000 visitors to the center in its fifth year of operation would generate more than $12 million in spending in the local economy. He also said the center would create an estimated 400 jobs, he said.
“So the first goal is to create jobs. The second is to increase the tax base,” Penny said, noting that the goal is to raise downtown property values from the current $30 million to $150 million.
“We want to create sustainable economic growth for our downtown area – but not just for the downtown area, but for all of Rocky Mount,” he said. (Source: Read more)