The Marietta Daily Journal – Council restricts use of proposed redevelopment bond dollars

10
Oct

The Marietta Daily Journal – Council restricts use of proposed redevelopment bond dollars

MARIETTA — The City Council moved Wednesday to assure any money gained from redeveloping Franklin Road would be reinvested back into the project.

In a unanimous vote, the council bound itself to this stipulation, with the hope that the future council would enact the same policy next year.

Mayor Steve Tumlin said the city was already loosely bound by promises made in public discussions about the use of a $68 million redevelopment bond that will be on the Nov. 5 ballot.

If the intent of the bond is not followed, the city could be sued, Tumlin said.

via The Marietta Daily Journal – Council restricts use of proposed redevelopment bond dollars.

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