Developer Ben Carter outlined his plan on Thursday morning to return Broughton Street to its former glory as a shopping and dining hub before the large department stores moved out of downtown.
Carter told the Savannah City Council during a workshop he is planning a $75 million investment that includes the acquisition of 24 properties.
His plan includes retail, dining and residential. By having control of so many properties, desirable businesses are easier to attract because they often want to have compatible neighbors, Carter said.
The project is a work in progress and only two properties have been acquired so far, while 22 are on contract, he said.
Carter plans to hold a 1 p.m. briefing Tuesday about the project.
The City Council was generally enthusiastic about the project and its potential to revitalize the street and create jobs.
Mayor Edna Jackson said it was important to lure new businesses, but wanted to make sure existing businesses are not driven out.
Alderman Tony Thomas said he had some concerns about there not being enough parking, but Alderman John Hall said the issue should not get in the way. He would prefer people walk or use pedicabs to get around, anyway, Hall said.
Alderman Van Johnson said public transit should also be looked to as an alternative to driving.
Alderman Tom Bordeaux said he would welcomed the challenge if it meant greater investment on the street.
"That's our job," he said. "We'll find parking."
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