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Council to Vote on Manchester Parking Projects Tomorrow

From RTD we learn that Mayor Dwight C. Jones is asking the City Council to approve five projects for possible financing with Recovery Zone Facility bonds. The council is expected to vote tomorrow (Monday). Two could impact the Southbank and focus on parking and apartments. One of those projects is:

A parking deck at Manchester on the James, Crosland’s planned apartment complex at the south end of the Lee Bridge.

The other is a parking facility on Semmes Ave.

A parking facility along Semmes Avenue in Manchester that could be used by employees of UPS Freight and SunTrust. The structure would be part of a 160-apartment development that’s envisioned by CMB Development.

I don’t know anything about these projects or the Recovery Zone Facility bonds process. Anybody have any insight? Credit to Jason on the Woodland Heights Yahoo Group for pointing this out.

The City Council has an informal session at 3:00 p.m. and the formal session begins at 6:00 p.m. in the council chambers at City Hall, 900 East Broad Street. For more information, please contact the City Clerk’s Office at (804) 646-7955.

Update 8:27 a.m.: Here are two documents that provide some more insight into what a Recovery Zone Facility Bond is: Recovery Zone Facility Bonds, Treasury Announcement. There were a series of meetings and briefings in November-December but I don’t recall seeing them in the paper or in the news.

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