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City of Martinsville-Overall Economic Development Program Priority Projects 1999-00
<br />
<br />Project
<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 I
<br />
<br />Redevelopmeat of terminal 1
<br />site on Fayotto Street
<br />
<br />Acquisition and
<br />development of Vacant
<br />and Underutilized
<br />Properties
<br />
<br />Priority Description Funding Amount Total Environmental ·
<br /> Source Irapat/
<br />
<br />Priority 1 Projects
<br />
<br />Developmeat era 65 acre site for EDA/CDBG $700,000
<br />industrial use. Includes access road VDOT $450,000
<br />construction, utilities and site City $300,000
<br />grading.
<br />
<br />Grading of parcels #2 (15.7 acres) DHCD $ 500,000
<br />and #5 (6.3 acres)
<br />
<br />Environmental Certification, site
<br />preparation and construction on
<br />the Staffing/Wilson Park site of the new
<br />Virginia Museum of Natural History.
<br />
<br />CDBG $ 700,000
<br />Local $ 700,000
<br />
<br />Design and construction of a new Private
<br />Farmer's Market (~ Church & Moss City
<br />
<br />Realignment of Liberty & DepOt Streets. ISTEA
<br />Development ofwalldng trails and City
<br />a Visitor' s Center.
<br />
<br />Redevclopment of the old trucking CDBG
<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 & Fayette Streets.
<br />
<br />$100,000
<br />$100,000
<br />
<br />$523,000
<br />$130,750
<br />
<br />$700,000
<br />$200,000
<br />
<br />Local $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 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 />Redevelopment of Bridge 2
<br />Street Gateway Corridor
<br />
<br />Development 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 the
<br />Up Town Central Business District.
<br />
<br />c~
<br />PSA
<br />Henry 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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