The plan requires closing and revitalizing Jefferson Street between Cedar and Locust. It will also revamp the Rialto Theater and improve the area.
El Dorado Mayor Frank Hash says the downtown project will be a win for the city.
"There's been extensive research done about this concept of making El Dorado a regional entertainment destination. We think it holds great promise," Hash says.
No date has been set for the ground breaking, but Hash says they hope it will happen sometime in the fall.
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