Developers who shared in the cost of the Monroe Street extension received a payment of $1.5 million through Redevelopment Area Bonds (RAB).
Tag Archives: Redevelopment Area Bonds
$2 million bond ordinance for Dornoch II
City Council authorized a $2-million bond ordinance to fund infrastructure improvements, including the extension of Monroe Street, as part of a downtown development currently under construction.
Main & Monroe aims for October completion
Phase one of the Main & Monroe development is aiming for an October completion and while the developer is required to start the second phase by January, there is interest in starting sooner.
RABs eyed for Main & Monroe project
Redevelopment officials and developers have agreed in principle on the use of Redevelopment Area Bonds (RABs) but are still working out details on the financing tool that would be part of 208-unit downtown project that includes extending Monroe Street.