Augusta Commission Committee OK's Bridge Loan - WJBF-TV ABC 6 Augusta-Aiken News, Weather, Sports

Augusta Commission Committee OK's Bridge Loan

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Help could be on the way for the Laney Walker Redevelopment effort. 

An Augusta Commission committee voted Monday afternoon to approve a $2.5 million bridge loan to continue redeveloping the area.

Work started in 2010, but the original $8 million budget has been spent, with Augusta Housing and Development Department officials saying work would stop in July without the loan.

If the full Commission goes along, the money will be repaid to the city after bonds are issued late next year.

The $2.5 million will come out of the Reserve Fund for the Urban Services Budget, which has $4.3 million available.
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