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City's RDA report shows 37% assessed-value jump; $455,000 grant to fund alley project
Summary
Ty Bailey presented the city Redevelopment Agency report showing assessed value in the RDA area rose from $26 million (2022) to $35 million (2023), a 37.12% increase; the RDA has awarded small building renovation incentives and the city received a $455,000 grant to build an alleyway that will use RDA funds as match.
Ty Bailey, representing the city, delivered the Redevelopment Agency (RDA) annual update to the Morgan County Board of Education, detailing downtown investment and a significant recent grant award.
Bailey said the RDA project-area assessed value increased from $26,000,000 in 2022 to…
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