News Column

Russian Federation : STAATS building loan sanctioned

June 13, 2014



LLC, director Jim Edwards said that the Staats Hospital building continues to receive financial and community support in the weeks following its sale. Charleston Urban Renewal Authority board members granted in a closed session Wednesday a $230,000 loan to developer Bullock Properties.

Edwards said that the loan will be granted over the course of five years with payments of interest.

Johnson said, I believe that the revitalization of this property will truly be a catalyst for continued development on the West Side .

Councilwoman at-large Mary Jean Davis praised the Bullock family, which has rehabilitated multiple buildings on the West Side over the years.

Davis said, We had investors over the past 13 years who looked at this building, and I m thankful that some of them backed off, because I don t know what they would have done with the building . The Bullocks are invested in the West Side. You don t have a lot of people step up to renovate a building who are actually living beside the building. They are invested in the West Side. They re not going anyplace.

A number of organizations are contributing to the project. The Charleston Area Alliance previous month voted to guarantee a $155,000 loan from First Bank of Charleston to Bullock Properties, which is redeveloping the historic West Side property. The Alliance in addition gave a $15,000 grant, and two $20,000 facade grants were given. The Bullocks contributed $80,000 toward the building s purchase.

Organizer Sara Cowgill said that Commissioners also received updates on community gardens throughout the city. The East End Community and Veterans Garden s 26 plots are fully leased, and four people are on the waiting list.

Kasey Russell, an East End Community Garden organizer and at-large city councilwoman, stated commissioners in meeting veteran collaborators gave the garden about $4,000 when it was started in 2011. However the organization Russell referred to as Charleston Veterans stopped contributing funds for garden projects such as fencing.

Russell said during the meeting, They had about $6,000 left, and that was from a grant that the Charleston Veterans acquired from the Greater Kanawha Valley Foundation about four years ago. Evidently the last $6,000 was embezzled, so the Charleston Veterans left Charleston and took the $6,000 .

Russell later changed her statement in a voice message to the Gazette after speaking with the former liaison between the garden and the veterans organization, Waylon Bryant.

Russell said, Bryant did say that and I didn t get the name of the group he doesn t think that the people like intentionally like took the money and ran .

Russell said the money just got swallowed into the hole of a dying organization.


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Source: TendersInfo (India)


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