AIKEN, S.C. (WJBF) – A one million dollar investment proposal to create a park on the Aiken Mall property is going before city leaders Monday.
The resolution calls for Aiken County to create a multi-county business park on the property and give the developer a break on the project, through special source revenue credits.
The city would then purchase a portion of the land, to create a park, for a million dollars.
Funding for the purchase is coming from 3 different revenue sources – Economic Reinvestment Funds $200,000 dollars, Transportation and Public Safety Funds $400,000 dollars and Hospitality Tax Funds $400,000.
The city would make its money back plus $250,000 dollars.
The first reading is on Mon., Jan 8th, 2018 at the council meeting, which begins at 5 p.m.
Count on WJBF NewsChannel 6 to bring you the latest on this developing story.