AUGUSTA, Ga. (AP) — Augusta city leaders are considering a measure designating part of the downtown area as a "slum area" in order to redevelop it.
A city committee on Monday will decide whether to approve the designation for 594 downtown acres in the east Georgia city. The Augusta Chronicle reports (http://bit.ly/17E9Bwp) that the area is bounded roughly by 15th and Reynolds streets, Gordon Highway and Walton Way.
The city is considering the measure to secure money to fund some of the $40 million in renovations at Augusta Municipal Building.
Georgia's Urban Redevelopment Law allows governments to create Urban Redevelopment Areas if they include "slum" conditions. That gives local governments the ability to issue different types of bonds for redevelopment. It also gives a government increased powers to buy and sell properties for redevelopment.
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Information from: The Augusta Chronicle ,http://www.augustachronicle.com
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