ADICA to issue bonds soon - WALB.com, Albany News, Weather, Sports

ADICA to issue bonds soon

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By Karen Cohilas - bio | email

February 3, 2009

ALBANY, GA (WALB) - The Albany Dougherty Inner City Authority may soon begin issuing bonds to spur development downtown.  Tuesday, the city entered into an intergovernmental agreement with ADICA to allow the authority to use its good credit rating to secure $6 Million in bonds.

ADICA CEO Don Buie will now begin selecting quality developments. "We will now, as a board, take a look at qualified developmental projects and we will assess them on a lot of merits. We will pick the ones that make sense as it relate to revitalizing our downtown area."

Buie also announced plans for two new restaurants to come to downtown. One, a bistro, with no current franchises in Georgia, another a family style restaurant.

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