In a move to breathe life into the downtown Galt area, officials from Cambridge are planning to rehabilitate the city’s Main Street.

In a meeting that took place this week on Wednesday, the Downtown Cambridge Business Improvement Association or BIA discussed plans of streetscaping the city’s Main Street to invite investors

The city’s planning commissioner, Janet Babcock, revealed that Cambridge had already forwarded a funding application for $750,000 to the Southern Ontario Development Agency (SODA). The agency has been allotted over $1 billions over the past five years from FedDev Ontario as part of Canada’s economic stimulus package to battle the effects of the recession.

If things go according to plan and SODA approves the city’s request, the project is expected to kick off immediately, to be finished before the spring of 2011. The federal and city government will each be shouldering 50% each of the proposed budget.

One development firm in Cambridge even purchased a number of buildings along Main Street in anticipation of the project. He hopes to renovate the structures in the future.

Indeed a rehabilitation of the Cambridge’s Main Street is crucial to improving existing businesses as well as inviting new ones to the area.