Downtown Development Authority offers businesses tax funds

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The Downtown Development Authority of Augusta is accepting applications for its SPLOST Pilot Program, providing a financial match for public improvements downtown.

The program is a grant incentive for projects that would complement improvements a property owner has already made.

For example, Le Chat Noir, spent nearly $200,000 on improvements last year before asking the DDA to fund new sidewalks outside the Eighth Street theater.

"We're very excited about this, and we think it's a good way to support and encourage private investment downtown," said Executive Director Margaret Woodard.

The DDA has allocated $35,000 of special-purpose local-option sales tax funds for this project, not to exceed $7,000 per application. Woodard said applicants' initial improvements must already be completed and paid invoices must be provided as proof.

Projects eligible for the program should demonstrate capital façade improvements and development or redevelopment of buildings, a reasonable budget and time frame for completion. Although the program is in its first year, Woodard said the DDA has been working with downtown property owners in this fashion.

"We were already doing this, so why not let people know it's available?" she said.

Woodard said this program is designed to show support for private investors who make an effort to improve downtown.

"When the private sector buys into the game, it usually means it's a good idea," she said.

Private investment also increases the level of commitment to maintaining a clean and attractive downtown, she added.

"When people have a sense of ownership, there's a sense of pride and better upkeep," she said.

Comments (10) Add comment
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Little Lamb
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Little Lamb 07/15/11 - 09:15 am
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Margaret Woodard said: "When

Margaret Woodard said:

"When the private sector buys into the game, it usually means it's a good idea."

No, Ms. Woodard. When the "private sector" takes taxpayer money to make improvements to private property, it means fascism is alive and well at the DDA.

Brad Owens
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Brad Owens 07/15/11 - 10:17 am
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What happened to my

What happened to my comments?

Why does everytime I tell the truth about these people do they get the remarks taken down.

Oh, I mentioned the BOARDMAN's, every time I mention the BOARDMAN's they take down the message with the BOARDMAN's name on it.

No matter if true or not I guess.

Sorry about that.

Patty-P
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Patty-P 07/15/11 - 10:24 am
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Brad, your comment is about

Brad, your comment is about to be deleted again. lol

naycan
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naycan 07/15/11 - 10:49 am
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SPLOST money is for public

SPLOST money is for public projects, not to give as grants to private people. Our commission needs to check into that. Some needs to read the Georgia Code as concerned to SPLOST money.

Brad Owens
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Brad Owens 07/15/11 - 10:52 am
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No doubt, seems certain

No doubt, seems certain families are protected on here no matter what.

Patty-P
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Patty-P 07/15/11 - 11:09 am
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Well this is definitely going

Well this is definitely going to get very interesting. So am I correct in saying that the BOARDMAN'S are attempting to receive grants for private property?

Brad Owens
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Brad Owens 07/15/11 - 08:27 pm
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They already got a large loan

They already got a large loan from the DDA SPLOST funds...a four year loan for $370,000.00 with NO fees and NO interests.

Brad

seenitB4
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seenitB4 07/16/11 - 09:39 am
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It was nice knowing you on

It was nice knowing you on here brad....let us know when you come in the other door....ok

Patty-P
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Patty-P 07/16/11 - 11:23 am
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seenitB4...I know...He must

seenitB4...I know...He must not have seen your comment yet.

Brad Owens
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Brad Owens 07/16/11 - 11:26 am
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They won't ban me for telling

They won't ban me for telling the truth will they?

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