Cooma-Monaro Shire Council's plans to redevelop, upgrade and improve the CBD and Centennial Park could receive a major boost.
Council will proceed with an application for a $500,000 grant through the Regional Development Australia Fund (RDAF). The grant would fund council's "Lifestyle/Tourism CBD Landscaping Precinct & Enterprise Corridor Project."
The initial stages of the project will focus on Sharp Street and the adjacent Centennial Park and include the upgrading of entertainment facilities, footpaths andlandscaping.
In his column in today's Express, the general manager John Vucic writes that council was "shovel-ready and will commence as soon as possible".
He said the project would involve the redevelopment of the main street infrastructure to promote retail economic growth within the CBD precinct as well as promoting Cooma as a tourist destination.
Council has allocated $1.35 million to the project over the next three years.
Cooma mayor Dean Lynch said if council was successful in securing the funding, it would help speed up the project.
"If we are successful, it would help bring forward some of the CBD improvement works," he said.
"We could get it done in one or two years rather than three."
He said there were indications that council was a strong contender for the funding.
Council's project was one of five selected to progress to the final stage of the application process.
RDA Southern Inland Chair Ken Prendergast said a number of high quality applications were received.
"The projects chosen took into the account the priorities of our Regional Plan and other identified community priorities, and they address the needs of the region," Mr Prendergast said.
"The projects are backed by a strong level of community support and are ready to proceed. They will each have a positive long-term impact on our region and neighbouring regions."
Council will proceed with making the full application which is due on March 27.