FEATURE ARTICLES Memo Calendar Memo Pad Business Memo's Loaves & Fishes Letters Home
	Tidings of Comfort and Joy expressed at The Grotto’s 15th Annual Festival of Lights Neighborhood system a resource for positive change Adventist Hospital presents master plan for future expansion Mid-County restaurateur puts up his dukes and does it for the kids and the community Urban Renewal funding idea floated About the MEMO MEMO Archives MEMO Advertising MEMO Web Neighbors MEMO Staff © 2002, Mid-county MEMO Terms & Conditions
		Urban Renewal funding idea floated Strapped for cash, the Opportunity Gateway Advisory Committee looks for alternate ways to fund improvements LEE PERLMAN THE MID-COUNTY MEMO Developer Ted Gilbert thinks he has a way to infuse more money into the cash-strapped Gateway Urban Renewal District: formation of a Local Improvement District. Gilbert told the Opportunity Gateway Advisory Committee meeting last month that he is working on getting major property owners in the vicinity of the Gateway Transit Center to agree to assess themselves money for area improvements. This could be used to fund bonds that could be tapped for cash for the sort of local public improvements the district was intended to provide. The improvements, especially to streets in the area, could translate into increased investment in the area, which would generate more urban renewal funding. For the foreseeable future the 130-acre district is not likely to bring in more than $1.5 million a year, “which won’t buy much of anything,” Gilbert said. However, he believes his scheme could make as much as $13 million available. Gilbert cautioned that this scheme is just an idea at this point, albeit one that has the support of “three or four major property owners.”
		Memo Calendar | Memo Pad | Business Memo's | Loaves & Fishes | Letters | About the MEMO MEMO Advertising | MEMO Archives | MEMO Web Neighbors | MEMO Staff | Home