Commission to discuss redevelopment loan request | The Augusta Chronicle

Augusta’s Housing and Community Development department says it needs a $2.5 million loan to continue the “momentum” of the Laney-Walker and Bethlehem redevelopment initiatives.

The “bridge loan,” requested by HCD Director Chester Wheeler, is required because the department has spent nearly all of the $8 million the city borrowed three years ago to start the project, officials said.

At least two commissioners said they have questions about the loan request, which is item 10 on a loaded agenda going before the commission for approval at the body’s regular meeting Tuesday.

“Where’s the money going to come from?” Commissioner Donnie Smith asked.

via Commission to discuss redevelopment loan request | The Augusta Chronicle.