IN FOREST CITY

EXHIBIT 09: CELEBRATING SUCCESS IN FOREST CITY

2017 enhancements to the old rail line bridge that crosses Highway 74 were funded in part with RCTDA funding.

STRATEGIC ACTION PRIORITIES

The Town of Forest City is working to implement two Rutherford Bound initiatives by 2025.

FC1 Farmers Market

The future Forest City Farmers Market will be located adjacent to the TBRT. The town recently obtained a $450,000 NC Parks and Recreation Trust Fund grant to combine with secured funding from the RCTDA and RHI Foundation. The farmers market project is expected to cost approximately $1,600,000.

FC2 TBRT Enhancements

Forest City’s other Rutherford Bound initiative is to provide improvements along the TBRT, which extends 4.5 miles through its jurisdiction. Proposed improvements may include landscaping and public art at the roundabout near the Pavilion on Park Square, landscaping at various locations along the rail trail, and improved gateway signage along the trail when entering the town limits.

FOREST CITY STRATEGIC ACTION QUICK FACTS

FC1. FARMERS MARKET

Budget Estimate: $1,600,000 Current Status: Conceptual Design

Secured Funding $1,475,000:

Rutherford County Tourism Development Authority: $300,000 NC PARTF: $450,000 RHI Legacy: TBD

Key Grant/ Financial Opportunities:

NC PARTF 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

FC2. TBRT ENHANCEMENTS

Budget Estimate: $600,000 CurrentStatus: Conceptual Design

Secured Funding (including projections through 2025):

Rutherford County Tourism Development Authority: $100,000

Key Grant/ Financial Opportunities:

NC PARTF

Strategic Action Steps and Target Completion Dates:

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