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City of Martinsville-Comprehensive Economic Development Strategy Priority Projects 2000-01
<br />
<br />Project
<br />
<br />Small Business Incubator I
<br />
<br />Rives Road Industrial Park 1
<br />
<br />Clearview Business Park I
<br />
<br />Redevelopment of Starling Ave/ 1
<br />Wilson Park site
<br />
<br />Rails to Trails Gateway Project 1
<br />
<br />Redevelopmerit oftcnninal
<br />site on Faycttc Street
<br />
<br />Acquisition and
<br />development of Vacant
<br />and Underutilized
<br />Properties
<br />
<br />Priority Description Funding Amount Total Environmental
<br /> Source lmnact
<br />
<br />Development era small business
<br />Incubator for Martinsville, Henry,
<br />Patrick & Franklin
<br />
<br />Priority 1 Projects
<br />EDA $700,000
<br />DHCD $250,000
<br />City $200,000
<br />
<br />Development of a 65 acre site for EDAdCDBG
<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 Certification, site
<br />preparation and construction on
<br />the Starling/Wilson Park site of the new
<br />Virginia Museum of Naturai History.
<br />
<br />$700,000
<br />$450,000
<br />$300,000
<br />
<br />$ 500,000
<br />
<br />CDBG $700,000
<br />Loc~ $700,000
<br />
<br />Realignment ofLibarty & Depot Streets. TEA 21
<br />Development of Phase IV Walking Trails City
<br />and a Visitor's Ccater.
<br />
<br />Redevelopment of the old trucking CDBO
<br />terminal property into 27 single family, Private
<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 & Faye~ Streets.
<br />
<br />$250,000
<br />$ 50,000
<br />
<br />$700,000
<br />$200,000
<br />
<br />Local $ 650,000
<br />
<br />$1,150,000 NA
<br />
<br />$1,450,000 NA
<br />
<br />$500,000 NA
<br />$1,400,000 NA
<br />
<br />$ 300,000 NA
<br />
<br />$900,000 NA
<br />
<br />$650,000 NA
<br />
<br />Number of
<br />JobsCreated
<br />
<br />'100
<br />
<br />400
<br />
<br />200
<br />
<br />25
<br />
<br />25
<br />
<br />NA
<br />
<br />NA
<br />
<br />Revolving Redevelopmeat Fund 2
<br />
<br />Development of a Shared
<br />Revenue Business Park
<br />with Henry County
<br />
<br />Rcdevclopment of Bridge 2
<br />Street Gateway Corridor
<br />
<br />Priority 2 Projects
<br />
<br />Establish a revolving fund to finance CDBG
<br />Commercial and Residential redevelopment City
<br />Projects at scattered sites throughout the City
<br />
<br />Development of a large acreage
<br />site for business use. Incindes access
<br />roads, utilities and site grading,
<br />
<br />Redevelopment of the Bridge Street
<br />Gateway entrance corridor into the
<br />UpTown Cenh'al Business District.
<br />
<br />$700,000
<br />$700,000
<br />
<br />c~
<br />PSA
<br />Henry County
<br />
<br />EDA
<br />
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />
<br />Local
<br />
<br />$ 300,000
<br />
<br />$1,400,000 NA
<br />
<br />$5,000,000 NA
<br />
<br />$300,000 NA
<br />
<br />100
<br />
<br />500
<br />
<br />NA
<br />
<br />
<br />
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