Bonds may help spur more Downtown development - WALB.com, Albany News, Weather, Sports

Bonds may help spur more Downtown development

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By Wainwright Jeffers - bio | email

ALBANY, GA (WALB) - Albany's downtown manager says five major developers are waiting on the outcome of a bond issue before moving ahead with their plans downtown.

The Albany Dougherty Inner City Authority wants to issue $6 million in bonds to raise money to help spur development.

The Dougherty County Taxpayers Association thinks it's a waste of money.

Downtown leaders say the bond money will help reduce some of the risk for those who want to relocate to the city center.

"It equals economic development and growth because companies will look at how your downtown has grown and expanded and they will want to not only expand there but all over the city," said Don Buie, Albany Downtown Manager.

A superior court hearing is scheduled next Thursday to hear the Dougherty Taxpayers association arguments opposing the proposed bond issue.

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