Prosperity
Status Indicator: In Progress |
On Hold |
Complete/Ongoing
Initiative: 1.12 Leverage space-related economic development opportunities
Shared Economic Prosperity
Description
The Fayetteville Street Corridor Improvements Project will mitigate negative social, cultural, economic, and financial impacts that were exacerbated by COVID-19. The project, and partner institutions, Hayti Promise Community Development Corporation (CDC), with St. Joseph’s Historic Foundation (SJHF) serving as fiscal agent, will fuse various sources of neighborhood-scale, city, county, state, federal and private advocacy and investment to hasten inclusive, equity-centered, resident-focused mitigation strategies to counteract negative economic impacts along the Fayetteville Street Corridor and adjacent neighborhoods. The project will connect various existing efforts to combat the intersectional challenges of wealth inequality, infrastructure failures, and the effects of the COVID crisis on residents and businesses in the Corridor.
Key Measures & Data Analysis
This initiative is ongoing and will have more data in the future. For more information, please check back after our next update. Please visit this link for additional ongoing information: Hayti Promise Fayetteville Street Corridor Project | Durham, NC
Why is it important?
Under the policy of urban renewal, construction of NC Highway 147 (the Durham Freeway) in the 1960s effectively dismantled the once thriving Hayti community. According to a 2022 report published by the Urban Land Institute (ULI), the Fayetteville Street. Corridor, is a spine through the middle of Durham, and it’s Hayti District, the historical location of many of Durham’s Black businesses and the hub of Black economic activity. The Fayetteville Street Corridor is a gateway that remains vital to the economic development of Durham and the preservation of Black history and culture.
What have we been doing?
What's next?
City Website Home Page: Durham, NC | Official Website (durhamnc.gov)
Budget Website Page: Budget & Management Services Department | Durham, NC (durhamnc.gov)
Budget and Management Services Department
Office of Performance and Innovation
Strategy and Performance Division