This EDA investment supports the city of fredericksburg with growing the tourist destination in central texas by building a parking facility to mitigate congestion and improve pedestrian safety…

Project Grant Awarded

Award ID
087905623
Recipient
Awarding agency
Obligated
$6,721,200

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Not on record
Funding
  • $1,400,000.00 Federal
  • $5,321,200.00 Non-federal
Place of performance
Fredericksburg, TX 78624, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

This EDA investment supports the city of fredericksburg with growing the tourist destination in central texas by building a parking facility to mitigate congestion and improve pedestrian safety along the U.S. 290 corridor, which runs through the center of the city. The project will help the city continue to recover from the covid-19 pandemic and be an important first step in helping fredericksburg to better manage parking demand, which will be vital for the city to accommodate the growing influx of tourists. Once completed, the project will help encourage new business opportunities to develop in the tourism sector, which will help increase employment opportunities, spur private investment, and advance economic resiliency in the area.

Quick answers

Who received award 087905623?

087905623 was awarded to City Of Fredericksburg by Economic Development Administration (Department of Commerce) on August 9, 2022.

How much is award 087905623 worth?

$6,721,200 has been obligated on 087905623: $1,400,000 in federal funding and $5,321,200 in non-federal funding.

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