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    This formerly blighted area of Lancaster was transformed into a vibrant social and commercial hub.

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    Museum of Art & History | Lancaster, CA

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    Bex Restaurant | Lancaster, CA

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    Cinema at Lancaster Promenade | Lancaster, CA

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    Boulevard at Lancaster Promenade | Lancaster, CA

Lancaster Promenade

Lancaster Promenade exemplifies downtown revitalization and the economic benefit created through New Markets Tax Credit financing. The welcoming pedestrian oriented promenade features renovated retail space for local businesses, a movie theater, restaurants, and an art history museum. Lancaster Promenade is a community event space which features weekly farmer’s markets, holiday celebrations, and promotional events.

Clearinghouse CDFI provided $19.5 million of New Markets Tax Credit allocation to transform the formerly blighted downtown Lancaster into the new Lancaster Promenade: a vibrant social and commercial hub.

Financing Provided:
$19.5 Million NMTC Transaction
Location:
Lancaster, CA
Impact:
250 Construction Jobs
46 New Permanent Jobs Created
Purpose:
Redevelopment of a Community Hub
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