South CBD
REDEVELOPMENT PROJECT AREA #11 SOUTH CBD
The South CBD Redevelopment Area was established in 1987 and covers 28.54 acres.
This Area was formed to facilitate the revitalization of downtown Ogden southward
from 27th Street and Washington Boulevard. The impetus for this District was
provided when Hinckley Dodge decided to refurbish its automobile dealership
at 28th Street and Washington in lieu of moving out of the City limits.
In conjunction with this decision, the RDA borrowed $200,000 from the developer
at 10 percent interest and loaned it to the project to assist with demolition,
site improvements and street scape at Hinckley Dodge. Another development in
the project area has been the establishment of a hardware store in the former
Boyle's Furniture Building.
The tax increment received this year may be applied toward the interest on
the loan.
***No CDBG funding is tied to this District. |