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Council questions use of returned revitalization loan dollars to match HUD funds near 36th & Peoria
Summary
City staff proposed using roughly $1.5 million in returned redevelopment loan proceeds to match $1.1 million in HUD funds for retail revitalization adjacent to a Choice Neighborhoods project near 36th Street North and Peoria.
City economic-development staff told the council Nov. 5 they plan to use roughly $1.5 million in returned loan proceeds from a redevelopment/beautification fund to match about $1.1 million in HUD funds associated with a Choice Neighborhoods project that covers portions of 36th Street N. and Peoria.
Councilors pressed staff on whether redirecting returned loan proceeds to this specific corridor matched the original voter intent for the "beautification and reinvestment" funds created under earlier sales-tax packages. "Why wouldn't we use it for what we told voters that it…
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