GV bonds would push projects | TheUnion.com

GV bonds would push projects

A plan to issue $5 million in redevelopment bonds for cooperative construction projects will be before the Grass Valley City Council tonight at its 7 p.m. meeting at city hall.

“We want to start talking with property owners about streets, sidewalks, water, sewer and drainage issues,” said City Administrator Dan Holler.

“We want to partner to reinvest in neighborhoods,” which include Colfax Avenue, South Auburn Street, downtown, the Idaho-Maryland Road – East Main Street area and infrastructure in general.

“We need their input and what they need to make their businesses more profitable,” Holler said. “We’re looking for on-the-ground projects with partners.”

Projects will be picked with priorities for readiness, participation of the property owner, benefits to the public and investment return, according to city documents.

“Five million won’t go far, the question is who is ready and can we leverage that investment?” Holler said. “Hopefully we’ll get four or five projects.”

Holler will ask the council to OK a ceiling of $9 million in redevelopment bonds with the new ones and by refinancing more than $3 million in rebuilding bonds the city currently holds.

The bonds have been used for downtown infrastructure projects in the past, including storm drainage, Holler said.

Several ideas are already out there for the bonds in each of the areas, Holler said. The downtown area needs parking spots, and the city will look at using part of the money to deal with that.

“There are vacant buildings on Colfax Avenue, how do we deal with that whole area?” Holler said.

The Idaho-Maryland area around the under-construction roundabout with Sears and the proposed Longs provides potential, Holler said.

The vacant lot left on East Main Street where Weaver Auto and Truck Center was before moving could also be promising, he said.

Yet another potential project is a new bus transfer station on Tinloy Street between Bennett and Bank streets adjacent to the Golden Center Freeway, Holler said.

That concept from the Nevada County Transporation Commission for a turnout for Gold Country Stage buses and shelters for riders could also serve as a kickoff to the Wolf Creek Trail project, Holler said.

Dan Landon, executive director of the transportation commission, said the site has already been studied with federal funding and could possibly become a reality if the city’s bonds fit, but the early cost estimate is $2 million.

The Tinloy Avenue site would mean easy access for busses and riders going into downtown, Landon said. The current transfer site at Church and Neal streets is tight and does not provide enough room for all busses at times, he added.

To contact Senior Staff Writer Dave Moller, e-mail dmoller@theunion.com or call 477-4237.

Support Local Journalism

Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User