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As Groton and the surrounding Thames Valley sees the benefits from the Electric Boat Co.’s booming submarine-building business, city officials are looking to bring life back to what was once its bustling main drag along the River Thames.

The city hopes a new tax increment financing district on Thames Street will lure developers to build higher-density developments on Bridge Street and the top part of Thames Street, according to The Day. The city is also considering rezoning initiatives to help, as well.

The main aim of the city’s many efforts is to create a pedestrian-oriented, family-friendly waterfront village center.

The area has drawn interest from many multifamily developers eager to provide housing for the many workers being hired by Electric Boat to build dozens of new submarines for the U.S. Navy.