In April of 1994, the Riverside Commercial Corridor Plan began addressing economic development and redevelopment goals in Riverside. Annual allocations of CDBG money have been used to finance projects that encourage long-term private development. The Neighborhood Revitalization philosophy assumes that tangible, visible, large-scale projects in a targeted area attract more attention than individual projects scattered throughout the city. To have lasting impact, Sioux City treats a neighborhood's problems and potentials with a holistic approach, while respecting its unique character. Big changes, big incentives, and total commitment are absolutely necessary to attract the attention of private developers.
Success occurs when someone leads by example and expenditure.
Stabilizing a geographic area is crucial for achieving long-term investment and development goals. Infrastructure improvements paved the way for housing rehabilitation and construction in Sioux City, leading to private development. Paving and providing utilities on another street will result in 140 affordably priced manufactured homes. At least eight more homes are under construction or have been completed and sold. Private developers constructed 20 multi-family townhomes, after the city paved a drive leading to prime riverfront property.