2016 1st Quarter Report

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Happening in Downtown Cary Bond Brother's Beer Company opened with a Grand Opening celebration that attracted approximately 5,000 people. BREW at The Cary Theater opened, taking over the concessions and cafe space. They are open seven days a week with early morning hours and late evening hours to accommodate the needs of The Cary. The Mayton Inn celebrated their Grand Opening and now has the restaurant, bar and spa open as well as rooms for overnight guests. In advance of the opening of The Mayton Inn, several articles appeared in local, regional and national publications drawing attention to downtown Cary. Construction of the new 25,000SF office building, part of the Midtown Square Project, is well underway with steel beams framing the building. Facade upgrades to the storefronts of the existing retail building at 215 E. Chatham Street has also begun. Downtown Cary celebrated Arbor Day on March 20 with 150 citizens participating in the event, which included live musical entertainment, free education and crafts for kids, local refreshments from Academy Street Bistro, and the Tree City USA Award Ceremony. There were 14 activity booths from local environmentally focused groups and Town programs. The 2016 Honorary Arbor Day Tree was planted in honor of Hometown Spirit Award Winner Anne Kratzer. Arbor Day 2016 Council unanimously adopted its 2016 Advocacy Principles and Legislative Agenda on March 10, in preparation for the short session which will convene on April 25. Legislative Program Announcements & Accolades In January, Cary's unemployment rate was 3.9 percent and the Class A retail vacancy rate only 8 percent.

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