Princeton Mile road race to kick off Shrimp Fest with $2000 prize for top finishers

The City Council of Princeton made significant strides in community engagement and financial management during their meeting on January 20, 2025. A highlight of the session was the announcement of the upcoming Princeton Mile, a competitive road race set to kick off at the Apollo Theater and conclude at Rotary Park. Scheduled to coincide with the popular Shrimp Fest, the event aims to attract visitors to the city, with top male and female finishers each receiving a $1,000 prize. This initiative, organized by the local chamber, is expected to boost local tourism and community spirit.

In addition to the race, the city manager presented the November 2024 financial report, indicating that the city is approximately 60% through its budget cycle. The report revealed that while some expenses appear high, this is typical as many costs, particularly those related to infrastructure, are incurred early in the budget year. The city is making progress in reducing its general obligation debt, showcasing effective financial management.

The city manager also noted that despite challenges faced by one local hotel, overall hotel and motel revenues are meeting budget expectations. Sales tax revenues have remained stable, reflecting a recovery from the fluctuations experienced during the COVID-19 pandemic.

These discussions underscore the city council's commitment to fostering community events and maintaining sound financial practices, setting a positive tone for the year ahead. As the Princeton Mile approaches, residents and visitors alike can look forward to a vibrant event that promises to enhance community engagement and local economic activity.