After a lengthy discussion, the Garden City Commission on Tuesday approved a change to its Downtown Development Fund program designed to make funds allotted last longer and to provide a tool to better compare the merits of each project.
The program, now in its third year, is designed to help revitalize downtown Garden City. Annually, the city makes available $250,000 for the program. Previously, property owners could apply for up to an 80 percent reimbursement for certain expenses on projects that renovate downtown buildings or create second story residential or commercial opportunities
The goals of the DDF are to encourage redevelopment of vacant properties and revitalize or redevelop existing buildings downtown, consistent with the comprehensive plan and the Downtown Master Plan.
Eligible improvements include environmental remediation, façade work, interior remodels, second story residential/commercial development, efficiency upgrades, demolition costs and professional fees such as design, architecture and legal.
(Read more: Garden City Telegram)