Atlanta company has plans for troubled apartments | News
An Atlanta company wants to buy the troubled Macon Gardens apartment complex and redevelop it.
That's according to a Bibb County commissioner, Al Tillman.
Tuesday, Benoit Group's vice president of development, Edrick Harris, asked Bibb County's commission for half a million dollars in county funds to support the redevelopment project.
Harris says the company plans to invest $10 million into fixing up the complex. Much of that money would come from state tax credits.
Several commissioners said though Macon Gardens is in desperate need of improvements, there may not be enough money in the county's budget to support the project.
But Commissioner Al Tillman says the county pumps millions of dollars into downtown development and needs to focus on other areas that need the help.
"Here's an opportunity of a company that's willing to make a huge, millions of millions of dollar investment and we essentially hesitate to say there's a possibility we don't have enough money. That's unacceptable when we're spending millions of dollars designated for downtown," Tillman said.
The federal agency says it pays most of the rent at the complex, through Section 8 subsidies.