CLARKSVILLE, Ind. (WDRB) -- A proposed ordinance will be unveiled to the town of Clarksville, and it could give the area an economic boost.

The town plans to unveil new renderings Thursday night of what a long-term plan to the area could look like, a redevelopment plan adopted in 2016.

“I feel like we have so many things to offer from a business standpoint to bring people from further north, to bring people from further south and build this area,” said Rachel Smallwood, who’s owned Orange Clover Restaurant in Clarksville for six years.

The ordinance would be an updated template for new businesses, showing how far they can be from the road, any tree or landscaping restrictions, and new apartments and dining options. The south part of the town is what would be the most affected.

“It’s close proximity to downtown Jeff, close enough to downtown New Albany, so it is definitely a piece in this greater regional activity,” said Clarksville Planning Director Jacob Arbital.

The biggest focus would be the former Colgate Factory and how it could be included to the proposed mix-use development.

“Ultimately, those technical details are what’s going to shape what the development looks like," Arbital said. "So it is extremely important to the overall process."

The envisioned $210 million investment would go from the river up toward the Marathon gas property to the Colgate factory and along Missouri Avenue.

Arbital and consultants have been working on the proposal for several months.

Smallwood is already eyeing the possibility of expanding her business and helping others succeed with theirs if the proposal is approved.

“I would love to see a lot of opportunity to come out for myself and for other business owners in the community,” Smallwood said. “This area has so much potential."

That public meeting will be held at 6:30 p.m. Thursday at the Clarksville town hall. The public is encouraged to attend. A final vote could come in the next couple months.

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