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.
