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The Industrial Development Authority approved construction services costing up to $1,698,565 to stabilize and improve 624-626 North Main Street, with all four members present voting in favor. It also approved a loan that will fund 80% of improvements at that property and 310-312 Main Street, using the properties as collateral.
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The approved work is intended to repair and preserve two Main Street properties so they can attract new tenants and remain consistent with the surrounding neighborhood. The authority also approved landscaping at 120 Slayton Avenue, maintenance work at 310-312 Main Street, and a consulting agreement with Cherry Bekaert Advising, LLC. No public action from the closed meeting was recorded in the minutes.
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