ALBANY, GA (WALB) - ADICA is one step closer to using six million dollars in bond money to redevelop downtown Albany.
Tuesday, the Albany City Commission signed an intergovernmental agreement with the Albany Dougherty Inner City Authority, which includes a half-million dollar advance by the city to ADICA.
ADICA/Downtown Director Don Buie says the agreement will allow what he calls the renaissance of downtown to begin.
"Last month, ADICA gave me the authority to enter into real estate negotiations with property owners. We will now take bonding money that we will receive and make options on properties downtown."
Buie says those talks will begin within the week. The advance to the city will be repaid as soon as ADICA receives bond money. He plans to make a major announcement on development plans downtown within the next two months.