Swiss Bear Downtown Development Corp., New Bern, NC Home Projects Awards Press Get Involved Local Links Downtown Happenings Swiss Bear Downtown Development Corp., New Bern, NC
Swiss Bear Downtown Development Corp., New Bern, NC
   

 

 

Property Values

This public/private partnership has been instrumental in development projects adding millions to the tax base in major rehabilitations and new construction, including four new waterfront hotels and three marinas, Riverfront Convention Center, NC History Center, Neuse River Bridge, major streetscape improvements, underground utilities, public parks, parking lots, and Cunningham Bridge replacement,major renovation of the Federal Building and waterfront condominiums.

Property values within the Municipal Service District (a 12-block area) increased from;

  • $8.75 million in 1979-80
  • $63 million in 2002-2003
  • $109,537,935 - 2009-2010
  • $166,823,448 - 2010-2011
  • $167,782,462 - 2011-2012
  • $162,219,515 - 2013-2014
  • $159,538,466 - 2014-2015

   

MSD tax revenues levied

  • $197,261.20 - 2009-2010
  • $200,257.14 - 2010-2011
  • $194,412.38 - 2013-2014
  • $191,580.43 - 2014-2015

Approximately 200 downtown businesses employ 2,300 people.

Tourism

Early 1980's generated $14-16 million in visitor spending.

In 2013 visitor spending generated

     • $108.30M

     • 1,030 jobs, with a payroll of more than $22.30M

     • $9.07M in state and local tax receipts

Domestic tourism in Craven County generated an economic impact of $120.75M in 2013, a 1.20% change from 2012.

Downtown New Bern is a destination. Local attractions include Tryon Palace and gardens, museums focusing on Civil War and fire fighting, numerous landmarks in historic New Bern and the Croatan National Forest.

 

 

 

 

 

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Swiss Bear Downtown Development Corp., New Bern, NC
Swiss Bear Downtown Development Corp., New Bern, NC
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