Public Support and Private Investment Has Created a Strong Downtown
Substantial public support and private investment since 2010 has created a downtown that is strong and vibrant. Downtown Sioux Falls is the city’s center for business, government, arts and culture, and has become a popular place to live.
“This Mayor’s vision for our downtown was to turn it into the chosen place to live, and yes, it’s that and so much more. The best is yet to come, with the railyard redevelopment project, Levitt Shell, and Sioux Steel redevelopment, so stayed tuned, Sioux Falls,” says Mayor Mike Huether.
More than 2,600 people live downtown today, compared to about 2,100 in 2010. Support services for these downtown residents have followed, such as a hardware store, a future pharmacy, and more. More than 360 residential units have been added downtown in the past eight years, and this number does not include the 200 units planned for the Cascade development in Uptown.
The City of Sioux Falls has invested more than $105 million in public dollars in support of downtown since 2010. That includes the railyard redevelopment project, the new City building opening in June, the mixed-use parking ramp project, renovations to the Downtown Library and the Downtown Bus Depot, River Greenway Phases 1 and 2, renovations to Lyon and Tower parks, the Levitt Shell opening in 2019, and street and infrastructure improvements like Eighth Street, Sixth Street, 14th Street, the Main Avenue Road Diet, and more.
The demolition of the dilapidated River Ramp in 2012 was the beginning of monster private investments near the Big Sioux River. The City has created eight tax increment financing districts (TIFs) in downtown since 2010, supporting nearly $150 million in current and future investment. In eight years, more than $234 million in private building permit valuation has been invested downtown. More than 100 new businesses have opened downtown, not counting the 35 new restaurants or bars, since 2010.
In addition, in 2013, the public parking system was rebranded to bring more awareness to the easy access and convenient parking available downtown. Also, after much public input, in 2014 the City of Sioux Falls crafted the 2025 Downtown Plan to create a vision for the next ten years of downtown development. Since 2010, the City also has invested $1.2 million in the Façade Easement Program downtown.