Business View Magazine | March 2020

287 BUSINESS VIEW MAGAZINE MARCH 2020 CLARKSV I LLE , INDI ANA a new downtown on its waterfront. If all the pieces of the South Clarksville Redevelopment Plan line up, it offers a potential for $210 million in private investment, almost 650 new jobs, and more than $46 million in new tax revenues. An enticing factor is the existence of a tax increment financing (TIF) district that covers South Clarksville and doesn’t expire until 2038. Jacob Arbital, Clarksville’s Planning Director, explains that after the South Clarksville Redevelopment area plan was put in place, but before private development commenced, the town revisited its zoning ordinances to make them more compatible with its new development vision. “The traditional method of regulating use doesn’t tend to lend itself toward creating great places that are easy to access, that are sustainable, and that are attractive,” he states. “So, what we’re seeing is that the value, in terms of regulation, is more in the form and design of a structure as opposed to its use. What we did in South Clarksville was take an ordinance that