Kokomo Mayor Greg Goodnight says the city is setting its sights on becoming the most affordable community with the highest quality of life in the state of Indiana. He points to projects including two downtown apartment complexes and a $16 million YMCA. The city is also seeing continued economic activity, illustrated by Chrysler Group LLC's announcement last week of plans to invest $266 million into boosting production at two transmission facilities in Kokomo. On Inside INdiana Business Television, Goodnight discussed the city's momentum and how it will pay for the downtown projects. Goodnight says he was able to work with an “active and prudent” city council to increase government efficiency and cut costs through the worst of the recession. He says that has helped the city afford the current projects.
The mayor says Chrysler's continued investment into Kokomo facilities shows the company's faith in the city's work force and business climate. Chrysler has invested more than $1.5 billion in its four Kokomo plants over the last five years.
Last week, Indianapolis-based property development firm Flaherty & Collins announced plans to invest $23 million to develop upscale apartments. The complex will be in the former Northern Indiana Supply Co. building in downtown Kokomo.
Sources: City of Kokomo, Inside INdiana Business