12th Street
REDEVELOPMENT PROJECT AREA #10 12TH STREET
The 12th Street Redevelopment Project Area was established in 1987 and encompasses
23.64 acres. (Please refer to the map on page 39) The area was formed to assist
with the redevelopment of the old Weber High School property at 12th Street
and Washington Boulevard, and also to refurbish the adjacent shopping center
property. The developers for these projects were Shopko and Rayco.
To assist with this development, the RDA borrowed $784,000, at no interest,
from the developer. The RDA also agreed to pay the City O & A costs of $117,660.
The $784,000 was used to assist the developers with demolition and infrastructure
costs associated with preparing the site for development
This District is currently providing revenue to the RDA Housing Fund. |