Commonwealth Journal

News Live

August 11, 2013

Mayor excited about ‘master plan’

TIF plan would allow for large-scale redevelopment of downtown


Somerset —

Girdler said that the city needs to make sure it has permission from the entity making the proposal before an announcement is made, but he expected it to be unveiled most likely within the next 30 days.
“Because of the number of important projects going on right now, we didn’t feel like there would be sufficient public and private funds to get up to $20 million, but with the addition of the proposed project, it will be sufficient,” he said.
Girdler stressed that none of this will come at any extra cost to the taxpayer, as meeting the $20 million spending figure will all the city to issue revenue bonds.
“We won’t issue revenue bonds if we don’t have the money to pay them off,” said Girdler. “... There’s no cost involved to the community, no obligations to the community, because if we don’t reach $20 million, then it doesn’t become a reality.”
If it does? Then expect a radically transformed downtown Somerset at some point in the future.
“We’ve come up with an extremely positive and wonderful development plan,” said Girdler. “... If the TIF is approved, I think we will have a very workable and fantastic project that everyone will be surprised and pleased with.”
He added, “I just think this is something that will change Somerset for the positive and make people come downtown.”

Text Only
News Live
News Live
AP Video
Broncos Owner Steps Down Due to Alzheimer's US, UN Push Shuttle Diplomacy in Mideast Trump: DC Hotel Will Be Among World's Best Plane Crashes in Taiwan, Dozens Feared Dead Republicans Hold a Hearing on IRS Lost Emails Raw: Mourners Gather As MH17 Bodies Transported Robot Parking Valet Creates Stress-free Travel Raw: MH17 Bodies Arrive in Netherlands Raw: Fight Breaks Out in Ukraine Parliament Disabled Veterans Memorial Nearing Completion Last Mass Lynching in U.S. Remains Unsolved Home-sharing Programs Help Seniors Ex-NYC Mayor: US Should Allow Flights to Israel Clinton: "AIDS-Free Generation Within Our Reach" Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence Police Probing Brooklyn Bridge Flag Switch
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide