Thursday 14 Dec 2017

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Downtown Redevelopment Project Green-Lighted

A multi-million dollar redevelopment project can get underway in Downtown Goldsboro. The City of Goldsboro and Wayne County have given the go-ahead for Rehab Development to renovate six downtown buildings for future use.

Downtown Goldsboro Development Corporation Executive Director Julie Metz explained to the Goldsboro City Council and Wayne County Board this week the properties to be rehabbed are located at 200, 204, and 206 E. Walnut Street, 106 S. John Street, and 135 and 139 W. Walnut Street.  Metz says there will be economic benefits stemming from the historic preservation and reinvestment in the six downtown buildings.

The buildings will be used for market rate apartments and commercial space.

Provided certain benchmarks are met, the City of Goldsboro will provide a $300,000 loan to Rehab Development to apply toward the historic facade improvements.

Rehab Development’s downtown project is a roughly $10.7 million investment, with an expected $7.9 million in direct building investments.

4 Comments

  1. Poopgonzalez says:

    Its called regentrification.

    Price the poor and homeless out of town. Just like denver Colorado.

    Buy old property for next to nothing, repurpose for middle to upper class members of society, and the poor are priced out of the area.
    800 sqft apt, price it at 700k, no more poor people.

    We are going to need more mobile home parks in the Dudley and rosewood area.

    Reply
  2. SikofthaBS says:

    Why would they sink that kind of money into a place that is too dangerous to enjoy???

    Reply
  3. Kelly Tom says:

    Who in their right mind would invest 7 – 10 million down TOWN? City’s investment 300,000. Use that to fight crime or hire more police. In 10 years the newly built apartments will be a drug infested problem.

    Reply
    • joey says:

      That kind of money should be invested in some bulldozers to level the downtown area. When the Paramount Theater burned that should have been a sign to get rid of the rest of the fire traps

      Reply

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