12 Apr 2017 Funds Authorized for Cyber Center Deck
Augusta officials set in motion Tuesday plans to borrow $12 million to build a parking garage for the Georgia Cyber Innovation and Training Center. The conceptual drawing shows a five-story parking deck at the site of the current Golf & Gardens parking.
The Augusta Commission voted 9-0 after a lengthy closed-door session to authorize City Administrator Janice Allen Jackson to negotiate terms by which the city will pay for construction of a parking deck through a $12 million bond issue. Commissioner Grady Smith was absent and said he’d had cataract surgery.
Mayor Hardie Davis called the vote “generational and transformational” as Augusta puts its money toward the state’s plan to invest $50 million in the innovation center on the city’s riverfront.
Architectural drawings showed a five-story parking garage at the current site of parking for the former Georgia Golf Hall of Fame, a state-owned property where the innovation center is fast-tracked for construction.
The commission didn’t discuss openly how the city will repay the bonds, whether through a tax increase or reprogramming sales tax funds from other projects.
Source: The Augusta Chronicle
Author: Susan McCord/Staff Writer