Commission to Mull Multiple Richmond Projects
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Richmond Redevelopment Commission is slated to discuss funding requests Friday for several economic development projects. The Palladium-Item reports projects include senior housing, college student apartments and infrastructure between downtown and the historic Depot District. Other proposals are seeking funds for a pedestrian and bicycle master plan in the city and a low-income housing development on Richmond's north side.
The latter involves the forgivable loan request, $500,000, of the five projects. Plans call for a 48-unit apartment on the former Nicholson School property.
An Atlanta-based firm is asking for a $300,000 loan to transform the former Odd Fellows Building and the former location of Birck's Hardware into a development for seniors, joined by a catwalk.
Annex of Richmond wants to build an $8.5 million student housing development with a nearly $125,000 grant from the city.
The city is looking to supplement a combined $25,000 from the state and the Urban Enterprise Association with a proposed $17,500 grant.
The last request involves close to $145,000 to help match $4 million from the Indiana Department of Transportation. The “complete streets” connector plan is part of the city's Stellar Communities project.
Source: The Palladium-Item