“City leaders approved a public financing package for Riverwalk, the 1,000-acre project that could bring new life to the old Celanese textile site at Cherry Road and Interstate 77. Plans call for an industrial park, retail shops and hundreds of home sites — which developers say could represent a $600 million redevelopment.”

While the entire project isn’t scheduled to be completed until 2028, construction could begin as early as next summer on some key components of the project. One interesting piece of the project will be the east coast’s only velodrome, which is an oval bicycle race track.  It’s one of the projects slated to begin next summer and could be completed by as early as 2012.

Overall, the project is expected to attract around 4,000 new jobs which is certainly good news for both Rock Hill SC and Fort Mill SC.  With the real estate activity already picking up, knowing this project is coming along with all of the associated benefits I can only expect it will continue to help the housing market.