Downtown Riverfront District Underway - WALB.com, Albany News, Weather, Sports

Downtown Riverfront District Underway

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January 9, 2008

Albany - - The Albany Dougherty Inner City Authority says it will lead the way in developing downtown's new Riverfront District.

Wednesday evening, Assistant City Manager Jim Taylor asked the ADICA board to spearhead the development of the initiative, now that voters approved the Tax Allocation District.

City officials hope that will help attract new businesses since owners would get incentives to open up downtown. ADICA learned how they can help.   

"To prepare all of the paperwork, to define the boundaries, prepare the redevelopment plan for the commissioner's review and approval, to submit all of that work to Atlanta and get it approved and certified and then to collect the monies as they come in," Taylor advised the board.

The city plans to hire a consultant to help ADICA with development plans. Once the district is in place, downtown will start seeing the financial benefits next year.

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