Plan Would Finance Fixes for Commercial Property

Summary


Proposed changes to a lengthy municipal planning document would allow federal grant money to be used to coax property owners to refurbish or raze vacant and run-down commercial buildings in central Columbia.

Under a plan advanced earlier this year by a city advisory board, Columbia officials could loan owners of dilapidated buildings in a specified area federal Community Development Block Grant funds to tear down or rebuild the structures.

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Extract


Plan Would Finance Fixes for Commercial Property

A similar program aimed at decaying and crumbling residential structures already exists.

The changes, which will be reviewed by the Columbia City Council tomorrow, ...

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