Depot project back before commissioners Tuesday

CSRA News

A major development on Reynolds Street with housing and shops is still what some commissioners want downtown. 

“When you look at the revitalization of the depot, new restaurants, things of that nature that you’re going to see in this project, it’s going to create a work, live, play unlike anything Augusta has downtown,” said Commissioner  Sean Frantom

Last month, commissioners approved $14 million dollars in funding for the project but with 11 new conditions for the developer, commissioners say the conditions were needed to protect the city’s investment. 

“I’m a supporter of the project, but at the same time I’m trying to think about the taxpayers the money we’re going to invest in this and what we have to do,” said Commissioner Marion Williams. 

The conditions including the stipulation that the developer had to commit to doing the entire project set off alarms as a possible deal breaker.

The developer writing city leaders saying it impedes the ability of the project moving forward.

Since then the Downtown Development Authority has been meeting with commissions individually about the project. 

“I explained what my concerns were regarding the project and they were addressed and we’ll see what happens,” said Commissioner Dennis Williams. 

Tuesday Commissioners are scheduled to take up the depot deal again with some wanting a new agreement dropping the  11 conditions approved last month.

“It would it would go back to the original resolution hopefully we can move for war,” said Commissioner Frantom. 

“I’m not in favor of dropping any conditions  I’m listening to the Administrator and the Finance Director,” said Commissioner Marion Williams. 

Finance officials told commissioners last month the entire project had to be guaranteed to avoid having to use money from the general funds to pay off the $14 million dollars in bonds the city was committing to the $93 million dollar project. 
 

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