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City of Martinsville-Overall Economic Development Program Priority Projects 1998-99
<br />
<br />Project
<br />
<br />Clearview Business Park 1
<br />
<br />Redevelopraent of Starling Ave/ 1
<br />Wilson Park site
<br />
<br />Cerd~cation 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 FayeRe Street
<br />
<br />Acquisition and Re-
<br />development of Vacant
<br />and Underutilized
<br />Properties
<br />
<br />Priority Description Funding Amount Total Environmental
<br /> Source Impact
<br />
<br />Priority 1 Projects
<br />
<br />D~velopment of a 73 acre site for EDA $ 700,000
<br />business us~. Includes $ VDOT $ 450,000
<br />road construction, utilities and site DHCD $ 700,000
<br />grading. City $ 28,100
<br />
<br />Environmental Certification, site
<br />preparation and 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. & America Furniture
<br />
<br />CDBG $ 700,000
<br />Local $ 700,000
<br />
<br />EPA $ 200,000
<br />
<br />Realignment of Liberty & Depot SWeets. ISTEA
<br />Development of walking trails and City
<br />a Visitor's Center.
<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 />Redevelopment of the old trucking CDBO
<br />terminal property imo 27 single family, Private
<br />detached, owner occupied homes.
<br />
<br />Acquisition and redevelopment
<br />of a 5-acre parcel including
<br />d~molition and site improven~ents.
<br />Block bounded by Church, Moss,
<br />Market & Fayett~ Streets.
<br />
<br />$523,000
<br />$130,750
<br />
<br />$700,000
<br />$450,000
<br />$300,000
<br />
<br />$700,000
<br />$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 Redevelopment Fund 2
<br />
<br />Establish a revolving fund to finance
<br />Commercial and Residential redevelopmerit
<br />Projects at scattered sites throughout the City
<br />
<br /> Priority2 Projects
<br />
<br />CDBG $700,000
<br />City $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 and site grading.
<br />
<br />city $1,o0o,000
<br />PSA $1,000,000
<br />Henry County $1,000,000
<br />Other $1,000,000
<br />EDA $1,000,000
<br />
<br />$5,000,000 NA
<br />
<br />500
<br />
<br />
<br />
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