Bond issue awaits ruling - WALB.com, Albany News, Weather, Sports

Bond issue awaits ruling

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By Karen Cohilas - bio | email

ALBANY, GA (WALB) - The $6 Million question tonight is will a $6 Million bond agreement to help downtown Albany development be thrown out?  Thursday, Dougherty Superior Court Judge Denise Marshall heard arguments from Albany Dougherty Inner City Authority and city leaders and representatives of the Albany Dougherty County taxpayers association.

That group doesn't like the way the bond issue was handled. Joe Dent represents the taxpayers group. He says there's not enough information in the bond document about the projects the money will go toward.  He said, "There's no definition to what is going to be done. It's very vague as to the three projects and so there's no way to really tell what this, $6 Million, how it's going to be used. Or if it's adequate for the projects or are we going to be back a year from now asking for more."

ADICA board members say they can't divulge exact projects because it could jeopardize the deals they're working on. They also tell us before any of the bond money is actually awarded, public hearings about specific projects will be held.

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