Revitalization

Souderton’s revitalization program is really quite simple; to bring new businesses, residents and visitors to downtown Souderton. To reenergize, bringing vigor and life back to what was once the center of activity for surrounding communities.

It’s about bringing feet to the street.

Revitalization isn’t simply restoring things to the way they used to be. Yes, restoration is important, but it’s just as important to add dynamic new structures that Souderton will look to preserve a hundred years from now.  It’s about encouraging economic development within the context of historic preservation in ways appropriate and relevant to today’s marketplace.

Imagine, hip new shops, right alongside quaint, historically-restored storefronts. New businesses. New residents. An exciting new microbrewery restaurant, a fresh spin on an old-fashioned ice cream parlor, a quiet wireless café. Then picture yourself strolling down Main Street one evening with your family, spouse, or friends, seeing other friends, neighbors, business associates, and visitors–all doing the same thing–visiting, shopping, eating out, seeing a show, enjoying life.

Here in Souderton. A revitalized, reenergized, re-inspired, Souderton. 

Think revitalization.

Kind regards,

Charles Ebersole

Projected Financial Contribution from Main Hill

Item	Formula	Capital	Annual Cash Flow
E.D.U. Residential	5540/unit x 60 units	$332,400.00
E.D.U. Commercial	5540 x 34 EDU (calculated by Ordinance 656)	$188,360.00
Impact Fee - Traffic	Projected	$100,000.00
Impact Fee - Open Space	Projected	$100,000.00
Liquid Fuels Tax Entitlement	Projected		$8,000.00
Earned Income Tax	.5% x 60 units @50,000		$30,000.00
Property Tax - Residential	640.00/150,000 value (250,000 x 60)/150,000 x 640 4.625 mils		$64,000.00
Property Tax - Commercial	(9,000,000/150,000) x 640		$38,400.00
Transfer Tax - Sale of Condos	.5% x 15,000,000	$75,000.00
Sewer Revenue	300.00/EDU/YR x 94 EDU		$28,200.00
Cable T.V.	60 units x 30/mon. x 12 x 5%		$1,080.00
		$795,760.00	$169,680.00