Game-changing investment in community and quality of place: It should be one of the main focuses of any municipality.
Cedar Lake officials seem to be grasping this important concept in a public-private proposal for an estimated $150 million lakefront downtown.
If funded and executed responsibly, the so-called Town Center would provide an important identity boost for a this south Lake County lakefront community.
Town Council President Randy Niemeyer dubbed the project a public-private partnership that would garner public investment through tax-increment financing while seeking a 5-to-1 ratio of private-to-public investment.
It's encouraging to see the town put the concept of soliciting private investment front and center.
The project seeks to build a band shell, walking paths, a multi-use trail and athletic fields — as well as clearing the path for new businesses.
Cedar Lake is seeking help from the Northwest Indiana Regional Development Authority in funding a feasibility study for the project. This is just the kind of development seed money we hope RDA officials will give serious consideration.
Some will no doubt scoff at the proposal as an unneeded expense. They would be wrong.
Thriving communities continue to find new modes for growth and evolution in quality of life.
The Region's most successful municipalities continuously build off strengths to forge stronger identities. Crown Point, Griffith and Valparaiso are prime examples.
Cedar Lake has the added asset of a namesake lakefront that has been the staging ground of impressive commercial and residential development in recent years.
The Town Center plan is a solid strategic concept complementing these existing strengths.
We wish the town well in the endeavor.