State provides $100M for Downtown Fresno infrastructure revitalization

Gordon Webster Jr., President and Publisher
Gordon Webster Jr., President and Publisher - Fresno Business Journal
0Comments

The City of Fresno has received a $100 million infrastructure allocation from the State of California, marking the second installment in a broader $250 million commitment for downtown revitalization. The funds, announced by Mayor Jerry Dyer on Thursday, are designated for public works projects in Downtown Fresno and Chinatown.

This latest allocation follows an initial investment of $50 million made in 2023. Additionally, the city previously received $43.7 million through an infill infrastructure grant. Combined, these investments represent a significant effort to support urban development in Fresno’s core areas.

The $100 million disbursement was announced as part of the state budget in June and is described as the largest single investment ever directed toward Downtown Fresno and Chinatown infrastructure projects.

Mayor Dyer commented on the significance of this funding: “This historic funding supports transformative public infrastructure projects in Downtown Fresno and Chinatown, laying the foundation for a more vibrant Fresno — because great cities have great downtowns.”

Dyer also mentioned that this round of funding arrived earlier than initially anticipated after discussions with Governor Gavin Newsom led to its inclusion in this year’s state budget.



Related

Evan Spiegel, Chief Executive Officer

Snapchat launches AR winter village featuring Chopard, BOSS, and Lancôme

Snapchat has launched the Snapchat Winter Village, an augmented reality (AR) shopping experience that features luxury brands Chopard, BOSS, and Lancôme.

Chris Wright Secretary at U.S. Department of Energy

Energy Department offers $134 million to boost rare earth element supply chains

The U.S. Department of Energy (DOE) announced a new funding opportunity for up to $134 million aimed at strengthening domestic supply chains for rare earth elements (REEs).

Shawn Dixon President and CEO of the San Diego Zoo Wildlife Alliance

San Diego Zoo mourns death of its oldest resident, Gramma the Galapagos tortoise

After more than a century at the San Diego Zoo, Gramma, a Galapagos tortoise believed to be about 141 years old, has died.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Fresno Business Daily.