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April 11, 2014     Cape Gazette
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April 11, 2014

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Cape Gazette NEWS FRIDAY, APRIL 11- MONDAY, APRIL 14, 2014 2 Downtown Continued from page 21 The governor introduced the program during his State Of the State speech Jan. 23, urging that the money be included in fiscal year 2015's Bond Bill. "Much of our success as a state depends upon whether our cities are safe and vibrant. We know revitalizing neighbor- hoods is an important part of making our streets safer," he said during the State of the State. "We can replicate the success other communities have had in strengthening neighborhoods, while also harnessing the attrac- tion that vibrant downtowns hold for talented young people and innovative small businesses." Traveling to all three counties April 2, the governor advocated for a program that will use varied incentives to promote downtown growth. Investors would be en- titled to receive grants of up to 20 percent of their hard costs, such as exte- rior, interior and structural improvements. This incentive is modeled af- ter a Virginia program that has been very successful in Jack Markell leveraging sig- nificant private investment in underserved areas, the governor said. Cities and towns would apply for funds through a competitive process. They would submit an overall plan for improving the down- town; the plan will be graded; and a decision will be made on need and the quality of plan, Markell said. He said money will not just be handed out to anyone who applies. Receiving funding would take real effort, he said, and the towns would have to come up with their own thoughtful plans. Before any of the money is available the Gener- al Assembly must pass enabling legislation and fund the program. How Downtown Development Districts work: - Investors invest at least $25,000 in a project before the incentive kicks in. - Grants would be available to for-profit builders and inves- tors, nonprofit organizations, businesses and homeowners. The incentive would apply to residential, mixed-use, commercial, and industrial projects in DDDs. - Grants would be capped at a be determined by the Delaware State Housing Authority. The legislation allows the authority to set additional eligibility requirements and conditions for receiving grants through the program, These cap levels, conditions, and eligibility requirements would be subject to adjustment by the housing authority in future years. Markell said this is the type of program that should receive bi- partisan support. There's nothing about reviving downtowns that is Democratic or Republican, the governor said. He said legislators are looking for the most efficient use of tax dollars, and this type of program has shown to be a very good return on investment in other states. He pointed to Petersburg, Va.; Bethlehem, Pa.; and areas of Philadelphia where similar programs have encour- aged revitalization. v0n ntJcH itn .urE SHmnC m,,,. Cell: 302-542-9318 18756 Coastal Hwy., #6, Rehoboth Beach Office: 302.226.3770 : DOWNTOWN REHOBOTH THE WILMINGTON Less than 2 blocks to the beach and only 1 block to Rehoboth Ave. Open floorplan, Tastefully furnished. 2 assigned parking spaces. Built-in pool, elevator for wheelchair access. Potential rental income $25,000+. $534,500 Bill Peiffer, Associate Broker NTH FRIDAY I 8PM SIC SATURDAY 8PM - It's Blues... with a Funk Edge! An extraordinary singer, songwriter & bass pla00erl Candidates file for statewideseats In the U.S. Senate race, U.S. Sen. Chris Coons, a Democrat from Wilmington, filed for re-election with the Delaware Department of Elections Tuesday, April 8. Coons is in his first term, having been elected in 2010 after defeating Republican candidate Christine O'Donnell in a special election to fill the seat vacated by Joe Biden after he was elected vice president. Coons has no opponents. In the U.S. House of Representatives race, Scott Gesty, a Libertar- ian from Wilmington, filed his paperwork March 24. This is not the first time Gesty has thrown his hat into a U.S. congressional race. In 2012, he was defeated by Congressman John Camey, who has not yet filed for re-election. The filing deadline for all candidates in July 8. with our pull-out shelves. Perfect for: Kitchens Closets Pantries Bathrooms Custom made for your existing cabinets. Sta00ing at $99 302-703-2376 April 20th 9AM FREE PARKING 18385 Coastal Highway 302-644-2500