Thursday, January 7, 2010
Re-dig The Old Wabash & Erie Canal
Digging the Wabash & Erie Canal would be a stimulus project that would benefit both downtown Evansville and the east side of Evansville. It would also be another way of connecting Evansville to Terre Haute, Fort Wayne, Toledo, and maybe even Indianapolis. Luckily, there is still a portion of the canal still intact on the east side and there is a good chunk of room left to dig the canal down Morgan Ave and back into downtown Evansville where an interpretive center would be set up at the convention center or old courthouse. There is already a group, whose website is indcanal.org, which is interested in bringing the canal back.
Here’s how I would pay for it: I would set up a TIF district along the Canal where sales tax revenue of private businesses would pay for the construction of the canal. I would also apply for state matching funds since the canal would travel across Indiana.