Not All Commissioners On Board With Laney Development Loan - WJBF-TV ABC 6 Augusta-Aiken

Not All Commissioners On Board With Laney Development Loan

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Augusta, GA -

Future development of the Laney Walker area is still facing a fight.

The full commission will vote next week on approving a two and a half million dollar bridge loan to allow the project to continue, until new bonds can be issued in 2015.

A commission committee recommended the loan be approved on Monday.

But others say they're not ready to support more funding for a project that spent two million dollars plus in three years on consultants and marketing. 

"No sir, I think we need to follow the money check everything out and see if they are deserving of money we'll see how much, just to rubber stamp two point five million dollars like it's five point five dollars we're not going to do that, I'm not," says Commissioner Grady Smith.

Commissioner Donnie Smith also says he has more questions that need answers before he can support the two million and a half dollar bridge loan for the Housing and Development Department.

City finance officials say there's little risk the money will not be paid back to the General Fund, and the loan would not affect the city bond rating.

Commissioners recommended the Housing and Development Director Chester Wheeler; conduct a study if in-house work would be cheaper than hiring consultants and to find an additional funding source for construction to go along with the dollar a night hotel tax.

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