Laney Walker Redevelopment Loan Up For Vote - WJBF-TV ABC 6 Augusta-Aiken

Laney Walker Redevelopment Loan Up For Vote

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Augusta, GA -

Augusta Commissioners are set to decide whether to keep renovations going in two historic neighborhoods.

Augusta's Housing and Development Department is equating a two and a half million dollar "bridge loan" to continue revitalizing the Laney Walker And Bethlehem area.

The loan would be repaid when new bonds are issued in two years.

The project has already spent nearly $8 million, with more than $2 million of that going for consultants and marketing, and that's a problem for some Commissioners.

"I want to make sure I get all the facts, follow the money. Show me the money and who's in charge of it and who are these consultants we're paying big money to who are the people handling the advertisement," says Commissioner Grady Smith.

In a letter provided to the Commission, Augusta housing officials say it would cost more than $10,000 a month to do the consulting and marketing in-house using city employees than contracting those services out.

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