Riverfront Development paying dividends

By Jim Hilgen 2:55pm, November 8, 2012 - Updated 4:14pm, November 8, 2012
Wilmington Rotarians get a look at the past, present, and future of the riverfront.

WDEL's Jim Hilgen has more.

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Riverfront Development Corporation head Michael Purzycki was the guest speaker at the Rotary Club's weekly lunch.

He says after 16 years of hard work the change in the riverfront is incredible.

To back this up he cites numbers from a UD study.

"We have about 4500 people here. It's actually more than that by now. And that the riverfront activities generate $32 million, per year to the public."

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Purzycki says public dollars invested in developing Wilmington's Riverfront are earning returns and that the city of Wilmington is a beneficiary of the development.

"The City of Wilmington, on a $20 million investment, received $62 million back during the course of this time, and with about $7 million annually at this time."

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Purzycki says more development is coming with the Westin Hotel project approved, additional units coming to Justisson Landing, and more restaurants planning to open.

He says the new I Max theater is set to open its doors December 14.


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