Greensboro Downtown Greenway Economic Development

Impact: Economic Development

The Downtown Greenway supports economic development, increases the tax base for the city, and encourages private investment throughout downtown Greensboro, NC.

Social gathering in LoFi Park in downtown Greensboro

The Downtown Greenway makes Greensboro more attractive to potential new residents and businesses by providing residents, downtown workers, and visitors new opportunities for

connectivity and engagement.

The city of Greensboro is enjoying over

$650 million

in completed and planned investments related to the Downtown Greenway, with more projects yet to be announced.

Greensboro Downtown Greenway Planned Investments

Greensboro Downtown Greenway Community and Economic Development

Trails and greenways have a well-established record of positively influencing

community and economic development.

Studies have shown greenways contribute to:

  • Higher values for adjacent properties
  • Higher occupancy rates
  • Revitalized downtown areas
  • Increased likelihood of new businesses to the area

Every $1 spent

on development of the Downtown Greenway has produced an additional

$14 in economic impact for the local community.

Aerial view of downtown Greensboro at night

Private Developments

  • Deep Roots Market co-op grocery story in downtown Greensboro

    Deep Roots Market

    Founded in 1976, this locally owned co-op grocery store relocated and expanded to its current downtown location in 2013. It has flourished with 50 staff members and over 5,000 member-owners, and serves as one of the anchors of the LoFi Park neighborhood.

  • Union Square higher education campus in downtown Greensboro

    Union Square Campus

    The first building at Union Square Campus was built in 2016 and is a collaboration between Guilford Technical Community College, North Carolina A&T State University, UNC Greensboro, and Cone Health to support state of the art education of nurses from Associate degrees to Doctoral degrees using classrooms, auditoriums, study areas, and a high-tech simulation lab.

  • Union Square higher education campus in downtown Greensboro

    Bailey Village

    This cutting-edge mixed use project features 172 luxury apartments and retail space located in a growing area, newly named New Downtown East. This $90+ million dollar project was developed by The United House of Prayer for All Peoples on a vacant 13.7 acre lot.

    A beautiful section of the Greensboro Downtown Greenway full of trees and flowers

    See what local developers and other partners

    have to say about why the economic impact of the Downtown Greenway:

    “From a developer’s standpoint, the Downtown Greenway is Greensboro’s ‘icing on the cake.’ The Downtown Greenway has helped influence numerous development decisions in the downtown area; it’s truly a small ingredient within the larger finished product.”

    Andy Zimmerman, owner, AZ Development