There are deep concerns as Augusta Commissioners consider funneling more money into the redevelopment of two historic neighborhoods.
The Augusta Housing and Development Department wants a $2.5 million loan to continue the redevelopment of the Laney Walker and Bethlehem neighborhoods.
The department has burned through nearly $8 million in three years with more than $2 million going toward consultants. Hotel tax money is paying for the project, however, Commissioners worry that isn't enough to cover the costs.
"We need to identify a funding source for this funding to continue. I need 100 percent assurance we will get that money back if we do give that loan," says Commissioner Mary Davis.
"Is the hotel tax not enough?"we asked Davis. "It doesn't look like it. Maybe it is, we again need to be reassured of that 100 percent before we give that type of a loan," said Davis.
Commissioners are scheduled to discuss the loan request at Monday's meeting.
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