(Augusta,GA) More dollars are on the way to continue redevelopment of the Laney Walker Bethlehem area.
Commissioners approved 11 million dollars in new bonds for the redevelopment efforts.
The money covers paying off old debt including a two and a half million dollar bridge loan the city made to the project last year.
Housing officials plans call for spending about five million dollars in the area,
However the bond issue only provides a little more than two million dollars to continue redevelopment but housing officials say the glass is half full.
“It allows for us to continue the development that we’ve already started and what it does it shows a confidence in these communities it shows a confidence in our department in regards in exactly to what we are doing I think it’s definitely 100 percent full,” said Hawthorne Welcher, Director of Augusta Housing and Development.
What was approved means -no- extra city money will be going into the project hotel fees will continue cover the bond costs.
City officials say they will revisit funding for the project in 2017
Former commissioner Moses Todd and the head of the group I Love Augusta sent an e-mail to the administrator and commissioners saying no new funds should be going to the Laney Walker project until a limit forensic audit is done on The Housing and Development Department.