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City of Martinsville-Overall Economic Development Program Priority Projects 1998-99
<br />
<br />Project
<br />
<br />Clearview Business Park I
<br />
<br />Redevelopmerit of Starling Ave/ 1
<br />Wilson Park site
<br />
<br />Certification of various 1
<br />brownfield sites
<br />
<br />Rails to Trails Gateway Project 1
<br />
<br />Rives Road Industrial Park 1
<br />
<br />Redevelopmerit of terminal 1
<br />site on Fayette SWeet
<br />
<br />Acquisition end Re-
<br />development of Vacent
<br />end Underutilized
<br />Properties
<br />
<br />Priority Description Funding Amount Total Environmental
<br /> Source Imnact
<br />
<br />Priority 1 Projects
<br />
<br />Development of a 73 acre site for EDA $ 700,000
<br />business use. Includes aexess VDOT $ 450,000
<br />road ennstruetion, utilities and site DHCD $ 700,000
<br />grading. City $ 28,100
<br />
<br />Environmental Certification, site
<br />preparation end construction on
<br />the Starling/Wilson Park site of the new
<br />Virginia Museum of Natural History.
<br />
<br />EP A Brownfield Assessment
<br />Demo Pilot for R.P.Thomas, old
<br />Hospital, Rives Rd. & Americen Fumiture
<br />
<br />Realignment ofLibefiy & Depot Streets.
<br />Development of walking trails end
<br />a Visitor's Center.
<br />
<br />CDBG $ 700,000
<br />Local $ 700,000
<br />
<br />EPA $ 200,000
<br />
<br />ISTEA $523,000
<br />City $130,750
<br />
<br />Development of a 65 acre site for EDA/CDBO $700,000
<br />industrial use. Includes access road VDOT $450,000
<br />construction, utilities end site City $300,000
<br />grading.
<br />
<br />Redevelopment of the old trucking
<br />terminal property imo 27 single family,
<br />detached, owner occupied homes.
<br />
<br />Acquisition end redevelopment
<br />of a 5-acre parcel including
<br />demolition end site improvements.
<br />Block bounded by Church, Moss,
<br />Market & Fayette Streets.
<br />
<br />CDBG $700,000
<br />Private $200,000
<br />
<br />Local $ 650,000
<br />
<br />$1,878,100 NA
<br />
<br />$1,400,000 NA
<br />
<br />$ 200,000 NA
<br />
<br />$ 653,750 NA
<br />
<br />$1,450,000 NA
<br />
<br />$900,000 NA
<br />
<br />$650,000 NA
<br />
<br />Number of
<br />Jobs Created
<br />
<br />400
<br />
<br />25
<br />
<br />NA
<br />
<br />25
<br />
<br />400
<br />
<br />NA
<br />
<br />NA
<br />
<br />Revolving Redevelopmerit Fund 2
<br />
<br />Priority 2 Projects
<br />
<br />Establish a revolving fund to finance CDBG
<br />Commercial end Residential redevelopment 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 />Development of a large acreage
<br />site for business use. Includes access
<br />roads, utilities end site grading.
<br />
<br />c~
<br />PSA
<br />Henry County
<br />Other
<br />EDA
<br />
<br />1,000,000
<br />1,000,000
<br />1,000,000
<br />1,000,000
<br />1,000,000
<br />
<br />$5,000,000 NA
<br />
<br />500
<br />
<br />
<br />
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