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News & Events

City to Contract with Montrose

GREENVILLE — At its Tuesday night meeting, Greenville City Council unanimously passed a resolution to contract with a consulting group to establish Downtown Redevelopment Districts (DRD) for the city.

From the August 16, 2017 edition of The Daily Advocate

By Erik Martin, Staff Reporter

GREENVILLE — At its Tuesday night meeting, Greenville City Council unanimously passed a resolution to contract with a consulting group to establish Downtown Redevelopment Districts (DRD) for the city.

Following months of presentations and negotiations, the Montrose Group of Columbus, Ohio, will begin creating an economic development plan for the city to set up one or more DRDs within the city’s downtown. According to the agreement, each DRD “can gain revenue from up to a 70 percent property tax exemption and redevelopment charges of all property in the DRD to fund historic and non-historic building rehab, historic district economic development corporation operations, and public infrastructure.” Each DRD can be as large as 10 acres, continuous, around a historic structure.

Greenville will pay a one-time fee of $17,500 for the service. The group also recently contracted with the Village of Versailles to perform the same service there, but for a fee of $15,000.

Greenville Safety/Service Director Curt Garrison said Montrose will begin its survey of the downtown next month......

Click Here to Read the Complete Article in The Daily Advocate