The city of Hendersonville has set a ribbon cutting to celebrate the completion of the third segment of the Main Street makeover and dedicate the "Mountain Memory" fountain at 4 p.m. Friday, Oct. 11.
Phase III of the Main Street rehabilitation project, the final phase of an over $4 million dollar investment in infrastructure in downtown Hendersonville, was completed in September. The rehabilitation project began with the redesign and rehabilitation of Main Street between Allen Street and First Avenue.
The 2008 project spurred private investment and triggered the three-phase rehabilitation of Main Street's serpentine design, originally installed in 1977-78, the city said in a news release.
The work on Main Street north of First Avenue over the past three years has included upgrades to infrastructure above and below the street surface. New water lines, storm water systems and electrical infrastructure were complimented by enhancements to the existing pedestrian environment including outdoor seating areas, reduced crossing distances at many intersections, wider sidewalks, additional parking and the introduction of additional public art, including the mountain fountain and lighted gateway signs on Main Street at U.S. 64.
The city credited the public project with helping to spark $747,000 worth of private investment in the fiscal year that ended on June 30. Renovations and new construction on Main Street accounted for a $1.4 million increase in commercial property values in the district from 2012 to 2013 — a 2.8 percent increase.