IN SPINDALE

EXHIBIT 07: CELEBRATING SUCCESS IN SPINDALE

The Phase 1 Spindale Streetscape Project features a $1 million investment in downtown that includes new sidewalks, pavers, street trees, lighting, furnishings, landscaping, and a new ADA access to the Thermal Belt Rail Trail. This project extends from Reveley Street to Nebraska Street and included removing a traffic signal at the intersection of Tanner and Main where a pedestrian refuge island was installed.

STRATEGIC ACTION PRIORITIES

The Town of Spindale is working to implement three Rutherford Bound initiatives by 2025.

SP1 Skate Park & Pump Track

The skate park and pump track project (see Exhibit 08: Spindale Skate Park and Pump Track) will feature additional amenities including a direct connection to the Thermal Belt Rail Trail, shelters, and restrooms. The town currently has pending a $450,000 NC Parks and Recreation Trust Fund grant to obtain additional funding for this project to combine with secured funding from the RCTDA and Meta (formerly Facebook). The skate park and pump track project is expected to cost approximately $1.9 million.

SP2 East Main Streetscape

The east portion of the Spindale Streetscape Master Plan extends approximately 1,200 feet from Steward Street (location of proposed skate park) east to Smoov Kutz barber shop. This study area is located on the north side of the TBRT, which has traditionally been underserved. By re-envisioning parking, connectivity to the TBRT, improved connectivity to the proposed skate park, sidewalks, and other streetscape enhancements, a significant opportunity exists to revitalize historic East Main Street in Spindale.

SP3 West Main Streetscape

The West Main Street streetscape study area extends approximately 540 feet from Nebraska Street (where the completed phase 1 project ended) west to Ohio Street. Enhancements throughout this section would continue existing improvements including new sidewalks, a brick paver band, street trees, lighting, and furnishings. Streetscape enhancements will support existing and future small businesses in an area considered a high priority for redevelopment and private investment.

SPINDALE STRATEGIC ACTION QUICK FACTS

SP1. SKATE PARK & PUMP TRACK

Budget Estimate: $1,881,314 Current Status: Grant/Funding Procurement and Engineering

Secured Funding (including projections through 2025):

Rutherford County Tourism Development Authority: $720,000 Town of Spindale: $250,000 Meta Corporate Donation: $200,000 Parks and Recreation Trust Fund: $450,000 (Pending) United Methodist Church (land donation)

Key Grant/ Financial Opportunities:

NC Parks and Recreation Trust Fund RHI Legacy Foundation Meta (formerly Facebook)

Strategic Action Steps and Target Completion Dates:

1. Funding Procurement: 2022-23 2. Engineering & Permitting: Jan. 2023 3. Bidding: Feb. 2023 4. Construction: 2023-2024

SP2. EAST MAIN STREETSCAPE

Budget Estimate: $1,600,000 CurrentStatus: Conceptual Design

Secured Funding (including projections through 2025):

Rutherford County Tourism Development Authority: $50,000 (FY 2023-24) Town of Spindale: $50,000 (projected FY 2023-24 TDA match)

Key Grant/ Financial Opportunities:

RHI Legacy Foundation NC Commerce Rural Transformation Grants

Strategic Action Steps and Target Completion Dates:

1. Funding Procurement: 2022-23 2. Engineering & Permitting: 2023-24 3. Bidding and Construction: 2024-25

SP3. WEST MAIN STREETSCAPE

Budget Estimate: $2,100,000 Current Status: Conceptual Design

Secured Funding (including projections through 2025): Rutherford County Tourism Development Authority: $50,000 (FY 2023-24) Town of Spindale: $50,000 (projected FY 2023-24 TDA match)

Key Grant/ Financial Opportunities:

Appalachian Regional Commission RHI Legacy Foundation NC Commerce Rural Transformation Grants

Strategic Action Steps and Target Completion Dates:

1. Funding Procurement: 2022-23 2. Engineering & Permitting: 2023-24 3. Bidding and Construction: 2024-25