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City of Martinsville-Overall Economic Development Program Priority Projects 1999-00
<br />
<br />rroJect
<br />
<br />Rives Road Industrial Park 1
<br />
<br />Clearview Business Park 1
<br />
<br />Redevelopment of Starling Ave/ 1
<br />Wilson Park site
<br />
<br />Farmer's Market 1
<br />
<br />Rails to Trails Gateway Project 1
<br />
<br />Redevelopment oF terminal 1
<br />site on Fayate Street
<br />
<br />Acquisition and Re-
<br />development of Vacant
<br />and Underutilized
<br />Propefiies
<br />
<br />Priority Descdplton Funding Amount Total Environmental
<br /> Source Imnact
<br />
<br />Priority 1 Projects
<br />
<br />Development of a 65 acre site for EDA/CDBG
<br />industrial use. Includes access road VDOT
<br />construction, utilities and site City
<br />grading.
<br />
<br />Grading of parcels #2 (15,7 acres) DHCD
<br />and #5 (6.3 acres).
<br />
<br />Environmental Cettification, site
<br />preparation and construction on
<br />· e Starling/Wilson Park site offfie new
<br />Vh'glnia Museum of Nainral History.
<br />
<br />Design and ennstruc~ion of a new
<br />Farmcr's Market ~ Church & Moss
<br />
<br />Realignment of Liberty & Depot Streets.
<br />Development of walking trails and
<br />a VisiWr's C~nt~r.
<br />
<br />Redevelopmant of the old trueicing
<br />terminal property into 27 single family,
<br />detached, owner occupied homes.
<br />
<br />Acquisition and redevelopment
<br />of a 5-acre parcel including
<br />demolition and site improvements.
<br />Block bounded by Church, Moss,
<br />Market & Fayerie Streets.
<br />
<br />CDBG
<br />Local
<br />
<br />Private
<br />ci~
<br />
<br />ISTEA
<br />city
<br />
<br />CDBG
<br />Private
<br />
<br />$700,000
<br />$450,000
<br />$300,000
<br />
<br />$ 500,000
<br />
<br />$700,000
<br />$700,000
<br />
<br />$I00,000
<br />$100,000
<br />
<br />$523,000
<br />$130,750
<br />
<br />$700,000
<br />$200,000
<br />
<br />$ 650,000
<br />
<br />$1,450,000 NA
<br />
<br />$500,000 NA
<br />$1,400,000 NA
<br />
<br />$200,000 NA
<br />$ 653,750 NA
<br />
<br />$900,000 NA
<br />
<br />$650,000 NA
<br />
<br />Number of
<br />Jobs Created
<br />
<br />400
<br />
<br />200
<br />
<br />25
<br />
<br />10
<br />
<br />25
<br />
<br />NA
<br />
<br />NA
<br />
<br />Revolving Redevelopment Fund 2
<br />
<br />Priority 2 Projects
<br />
<br />Establish a revolving fund to finance CDBG
<br />Commercial and Residential redevelopmerit City
<br />Projects at scattered sites throughout the City
<br />
<br />$700,000
<br />$700,000
<br />
<br />$1,400,000 NA
<br />
<br />100
<br />
<br />Development of a Shared
<br />Revenue Business Park
<br />with Henry County
<br />
<br />Redevelopmerit of Bridge 2
<br />Street Gateway Corridor
<br />
<br />Developmera of a large acreage
<br />site for business use. Includes access
<br />roads, utilities and site grading
<br />
<br />Redevelopment of the Bridge Street
<br />Gateway entrance corridor into ~e
<br />UpTown Central Business District.
<br />
<br />c~
<br />PSA
<br />Hemy County
<br />Other
<br />EDA
<br />
<br />Local
<br />
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />
<br />$ 300,000
<br />
<br />$5,000,000 NA
<br />
<br />$300,000 NA
<br />
<br />500
<br />
<br />NA
<br />
<br />
<br />
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