Downtown businesses plan pushing forward - WALB.com, Albany News, Weather, Sports

Downtown businesses plan pushing forward

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Aaron Blair, Downtown Manager Aaron Blair, Downtown Manager
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ALBANY, GA (WALB) -

More empty storefronts in downtown Albany might soon be filled. Downtown leaders say a major redevelopment plan is moving faster than expected and that potential renters or buyers could move in as early as this Fall.

During Thursday's Albany Dougherty Inner City Authority meeting, downtown manager Aaron Blair could not specify what businesses are making plans but he did say he has gotten multiple serious inquiries.

It will be up to the city to renovate and inspect some of the locations to make them suitable to open up shop. In the coming weeks, they will be presented with exact numbers needed for financing

Off the enthusiasm that they are getting, its really moving their project faster than they thought it would," Blair said. "What they were looking at is some private partnership funding with about 20 percent of the project that allows them to leverage for bank financing."

Blair says extra funding from the city would allow the group to be more creative with their leasing options.

 

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