Government

More News | | | Editor

Redevelopment agency approves property purchases for Laney-Walker/Bethlehem revitalization

Wednesday, Oct. 3, 2012 5:29 PM
Last updated Thursday, Oct. 4, 2012 2:17 AM
  • Follow Government

The panel charged with oversight of the Laney-Walker/Bethlehem neighborhood revitalization project approved buying two properties for $17,000 more than the assessed value at a Wednesday called meeting of the Urban Redevelopment Agency.

The properties – 1474 Wrightsboro Road and 1430 McCauley St. – were crucial to major development plans in the area, said Jesse Wiles, the president of APD Urban Planning and Management, the city’s project manager for the initiative.

The two properties, assessed for tax purposes at $23,000, were purchased from a single owner for $40,000.

The city has acquired hundreds of dilapidated properties in the two neighborhoods using the Augusta Georgia Land Bank Authority. The land bank helps find owners, extinguish back taxes and put properties back into productive use.

“We haven’t had many instances like this,” Wiles said. “Of the $2 million worth of property that we’ve been able to acquire, I’d say 95 percent of those properties have been acquired at appraised value.”

Finding the property owner, who lives in Washington, D.C., and negotiating the purchase involved a two-year process, Wiles said. The final price was negotiated down from a $50,000 offer from the seller.

The McCauley Street property fronts a targeted development area called Foundry Place, where the city’s Housing and Community Development Department – the entity carrying out the project – plans to build commercial and housing units.

“We have no other option. We would have to abandon that project without acquiring that parcel,” Wiles said.

The Wrightsboro Road parcel was one of three on the south side of the street within the development area not under the land bank’s control.

Also at the meeting, Assistant Director of Housing and Community Development Hawthorne Welcher updated the panel on redevelopment efforts.

The Foundry Place development near the intersection of R.A. Dent Boulevard and Wrightsboro Road could become student housing, Welcher said. The city has begun discussions with Georgia Health Sciences and Augusta State universities and with Paine College.

Additionally, Welcher said, the Famous Door Supper Club on Laney-Walker Boulevard will be demolished, starting Oct. 15.

Comments (10) Add comment
ADVISORY: Users are solely responsible for opinions they post here and for following agreed-upon rules of civility. Posts and comments do not reflect the views of this site. Posts and comments are automatically checked for inappropriate language, but readers might find some comments offensive or inaccurate. If you believe a comment violates our rules, click the "Flag as offensive" link below the comment.
countyman
20016
Points
countyman 10/03/12 - 05:59 pm
0
2
The proximity to the

The proximity to the CBD/Medical District, and combining commercial/residential equal success.. This can also help expand the Medical District towards South Augusta, and speed up the need for demolishing Sunset aka Cherry Tree.. I want Augusta to follow behind Atlanta, and demolished every single housing project.. The $30 million Walton Oaks development on the former Underwood property, and the $112 million Dental school/future $76 million Medical Commons on the Gilbert Manor property show the return investment..

seenitB4
86692
Points
seenitB4 10/04/12 - 06:38 am
2
0
and ctyman said...

and demolished every single housing project..

WHERE do they go .......?????

Riverman1
83470
Points
Riverman1 10/04/12 - 07:22 am
2
0
The Wash. DC, owners of

The Wash. DC, owners of property in Augusta are intriguing. Remember when the govt worker up there was buying houses at Hyde Park?

Riverman1
83470
Points
Riverman1 10/04/12 - 07:25 am
2
0
At Auction Everything Went Below Appraisal

At the auction of city owned property yesterday everything went WAAAAYYYY below appraised value. Here, in Laney Walker, the city pays above appraised value. Mr. J's Famous Door in a slum area with a building that will be torn down gets hundreds of thousands. Something's not right.

Riverman1
83470
Points
Riverman1 10/04/12 - 07:28 am
2
0
Good point, SeenIt. Where in

Good point, SeenIt. Where in the world would you send the indigent residents if you tore down all public housing projects in the city? I actually know, but am asking in a rhetorical way.

Little Lamb
45817
Points
Little Lamb 10/04/12 - 08:59 am
0
0
Backward

RM is correct, the city buys property high and sells property low. It's kind of like how I end up doing my stock trades.

JRC2024
8837
Points
JRC2024 10/04/12 - 09:06 am
0
0
Seenit, Not in my area or

Seenit, Not in my area or your daughters I hope.

zippy
250
Points
zippy 10/04/12 - 11:03 am
0
0
Riverman, correct me if I am

Riverman, correct me if I am wrong, but I don’t think the city actually sold any property yesterday. They just opened bids which were offers to purchase. The actual sale must still be approved by the commission. Here is to hoping that we get fair market value from the property should they decide to sell, but it is the Augusta Commission, so who knows.

Riverman1
83470
Points
Riverman1 10/04/12 - 12:30 pm
0
0
Zippy, true, but I think they

Zippy, true, but I think they will accept all bids but the Old Depot land one. And THAT makes me wonder why the Commission accepted BUYING The Famous Door?

F4therTime
4656
Points
F4therTime 10/04/12 - 03:28 pm
0
0
I sure hope...
Unpublished

They looked into these properties better than they did on the parking garage property...

rebellious
20656
Points
rebellious 10/04/12 - 10:55 pm
1
0
Where will they go?

NIMBY! Don't bring em outchere in the country. I don't want to have to lock up my lawnmower and stuff. Besides, no busses run routes out here, which suits me just fine.

Back to Top

Search Augusta jobs