ADICA invests more money into downtown redevelopment - WALB.com, South Georgia News, Weather, Sports

ADICA invests more money into downtown redevelopment

Tommy Gregors, ADICA Board Member Tommy Gregors, ADICA Board Member
ALBANY, GA (WALB) -

The Albany Dougherty Inner City Authority board approved giving another $450,000 to the private development company in charge of downtown redevelopment.

The money will be used to attract tenants to empty buildings in the 100 block of Front Street and surrounding areas. Shandon Development won't get the money until it secures $1.1-million in private funding. The money will be used to bring long vacant buildings near the river up to code.

"To bring those buildings up to code, a good bit of money has to be spent,” said Tommy Gregors, ADICA Board Member. “There's buildings that need new roofs, electrical, utilities need to be added. There's a large investment in just bringing them up where they can be occupied."

ADICA leaders say Shandon has secured leases from some new retailers, but nothing they're ready to announce yet. They also expect Shandon to have its part of the money by the end of September. ADICA's portion will come from the Tax Allocation District which sets aside some property tax revenue from the downtown area to be used specifically to improve downtown.

Copyright 2014 WALB. All rights reserved.

 

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Residents prepare for storm chances over holiday weekend

    Residents prepare for storm chances over holiday weekend

    Saturday, May 26 2018 5:21 PM EDT2018-05-26 21:21:51 GMT
    James Lawrence. (Source: WALB)James Lawrence. (Source: WALB)

    With Alberto expected to impact Southwest Georgia, you can never be too prepared when it comes to the safety of you and your family. As the rain and thunderstorms move through our area, Albany residents say their holiday plans are changing.

    More >>

    With Alberto expected to impact Southwest Georgia, you can never be too prepared when it comes to the safety of you and your family. As the rain and thunderstorms move through our area, Albany residents say their holiday plans are changing.

    More >>
  • Albany town hall meeting held to tackle diabetes awareness

    Albany town hall meeting held to tackle diabetes awareness

    Saturday, May 26 2018 5:17 PM EDT2018-05-26 21:17:40 GMT
    City leaders held a town hall to discuss diabetes in South Georgia. (Source: WALB)City leaders held a town hall to discuss diabetes in South Georgia. (Source: WALB)
    City leaders held a town hall to discuss diabetes in South Georgia. (Source: WALB)City leaders held a town hall to discuss diabetes in South Georgia. (Source: WALB)

    Dougherty County is ranked 3-percent higher than the national average of people diagnosed with diabetes. 

    More >>

    Dougherty County is ranked 3-percent higher than the national average of people diagnosed with diabetes. 

    More >>
  • Saturday's rain didn't keep boaters from the water

    Saturday's rain didn't keep boaters from the water

    Saturday, May 26 2018 5:15 PM EDT2018-05-26 21:15:40 GMT
    The Kinchafoonee Creek. (Source: WALB)The Kinchafoonee Creek. (Source: WALB)
    The Kinchafoonee Creek. (Source: WALB)The Kinchafoonee Creek. (Source: WALB)

    Despite the scattered showers, we saw Saturday some people just couldn't resist hitting the water. In the morning, the Kinchafoonee Creek was at a good water level for boaters. 

    More >>

    Despite the scattered showers, we saw Saturday some people just couldn't resist hitting the water. In the morning, the Kinchafoonee Creek was at a good water level for boaters. 

    More >>
Powered by Frankly