Downtown redevelopment project seems likely - WALB.com, Albany News, Weather, Sports

Downtown redevelopment project seems likely

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Albany cheerleading team could be on reality show

    Albany cheerleading team could be on reality show

    Wednesday, July 30 2014 11:42 PM EDT2014-07-31 03:42:06 GMT
    Dr. Latonya Peterson, Assistant CoachDr. Latonya Peterson, Assistant Coach
    An Albany cheerleading team could be featured on a reality show. More than 50 girls tried out to join the two time national champion Albany Elite “Tiger Paws.”More >>
    An Albany cheerleading team could be featured on a reality show. More than 50 girls tried out to join the two time national champion Albany Elite “Tiger Paws.”More >>
  • Veterans to learn about benefits at American Legion event

    Veterans to learn about benefits at American Legion event

    Wednesday, July 30 2014 11:34 PM EDT2014-07-31 03:34:18 GMT
    William D. Simmons, American Legion 2nd District CommanderWilliam D. Simmons, American Legion 2nd District Commander
    American Legion leaders are preparing for an event to help South Georgia veterans learn more about the benefits they earned. More >>
    American Legion leaders are preparing for an event to help South Georgia veterans learn more about the benefits they earned. More >>
  • MCLB hosts education summit

    MCLB hosts education summit

    Wednesday, July 30 2014 11:26 PM EDT2014-07-31 03:26:53 GMT
    Latreesa Perryman, MCLB School Liaison Latreesa Perryman, MCLB School Liaison
    Military families got to ask questions about the best education choices for their children .Superintendents and other officials from public, private, home school, and online institutions in Dougherty, Lee, and Worth Counties attended Wednesday night’s Military Child Education Summit at the Marine Corps Logistics Base.More >>
    Military families got to ask questions about the best education choices for their children .Superintendents and other officials from public, private, home school, and online institutions in Dougherty, Lee, and Worth Counties attended Wednesday night’s Military Child Education Summit at the Marine Corps Logistics Base.More >>

By Wainwright Jeffers - bio | email

ALBANY, GA (WALB) - Albany Dougherty Inner City Authority board members reaffirmed their support of a multi-million dollar downtown redevelopment project.

Destiny Development Group wants ADICA to front up to $2 million of a $12 million project to turn the bus station into retail space, convert the Heritage Bank into office space, and build a gas station on an empty lot.

The board put their support in writing to allow the company to secure money from other sources.

"ADICA may lose money in the beginning in getting these projects started, but the idea is they are putting the property back on the tax roll at an increase value and the tax payers will benefit from in the long run because of the increased property taxes," Phil Cannon, ADICA Board Member.

It's not a done deal yet, and board members express concerns about some of the development group's requests including getting the loan from ADICA at no interest.

Copyright 2011 WALB.  All rights reserved.   Feedback